Energy Transition Stalls as Oil Super-Cycle Risks Return

Global oil supply at current rates may not be enough to meet rising demand if it grows at the pace expected by OPEC, according to the latest resource estimate by intelligence firm Rystad Energy. Recoverable oil resources, including estimates for undiscovered fields, have stabilized at approximately 1.5 trillion barrels globally. However, in the most significant revision in resources over the last 10 years, Rystad Energy has lowered its estimate by around 456 billion barrels for yet-to-find resources. That’s because frontier exploration has…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com