Future oil security at risk: IEA

  1. What? We may face an oil shock in future. according to the International Energy Agency
  2. Why? Because the price bust has hammered investment in future supply
  3. Oil firms have cancelled more than $100 billion investments, laid off tens of thousands of workers, slashed dividends and sold assets
  4. If investment doesn’t resume in 2017-18, we can see a spike in oil prices as oil supply can’t meet demand
Oil and Gas Sector – HELP, Open Acreage Policy, etc.
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