Story thread · 2 reports / 2 sources

Oil and gas industry expected surplus – but war brought shortage

asiatimes.com · 2hShare

In 2023, the International Energy Agency predicted that by 2028 the world’s oil companies would produce more oil than people wanted to buy. Prices responded to that and similar projections of slowing oil demand, dropping too low to attract investment for new wells and refineries. No forecast anticipated that the Strait of Hormuz, the main […] The post Oil and gas industry expected surplus – but war brought shortage appeared first on Asia Times .

First report: Oil and gas industry expected surplus – but war brought shortage instead — theconversation.com, 1d