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|Is OPEC Doing Enough To Counter The Looming Oil Glut? Oil prices were flat on Tuesday morning as the IEA’s projection of an oil glut in 2020 was counterbalanced by reports that Saudi Arabia is ready to cut its production further|
- Future growth of natural gas consumption is concentrated in Asia. - The gap between production and consumption widens as time goes on. The EIA expects non-OECD Asia to consume 120 bcf/d by 2050, outpacing regional production by 50 bcf/d. - China alone will see its gas consumption triple between 2018 and 2050.
Posted: 2019-10-29 20:35:00
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