Is the oil industry able to support a world that consumes 105 million barrels of oil per day in 2025?

This paper investigates the significant risk of a supply crunch in the oil market by 2025 and beyond, given current pace of investment and growth of world demand. We focus particularly on today’s upstream sector and the challenges it faces in meeting the ever-increasing demand for oil. We then study...

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Bibliographic Details
Main Authors: Hacquard Pierre, Simoën Marine, Hache Emmanuel
Format: Article
Language:English
Published: EDP Sciences 2019-01-01
Series:Oil & Gas Science and Technology
Online Access:https://ogst.ifpenergiesnouvelles.fr/articles/ogst/full_html/2019/01/ogst190315/ogst190315.html