Oil demand will pick up in 2010
The slump in oil prices could end up cutting the growth in future oil supply in half from what would have been anticipated during the high price period, according to a study from Cambridge Energy Research Associates, an IHS company.
CERA Senior Director Peter Jackson stated:
The inventory of potential new oilfield developments, including fields that could be developed and brought online during the next five years, remains adequate to meet likely demand in the medium to long term.
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Mon, Apr 27, 2009
Post by Melissa Pistilli, Heavy Oil Senior Reporter