Warning Over Global Oil 'decline'

There is a "significant risk" that global production of conventional oil could "peak" and decline by 2020, a report suggests.

Sections:  news   world   business   
Topics:  2020   oil   production of conventional oil   
RELATED ARTICLES
  • Keystone XL pipeline to be delayed
    TransCanada Corp. says the long-delayed Keystone XL pipeline will be in service months later than expected and cost more than its current $5.3 billion price-tag as it continues to await U.S. government approval. TransCanada had been sticking to its late 2014 or early 2015 start-up target, but the regulatory process has dragged on. More
  • Drivers benefit as oil prices drop sharply
    A sharp decline in the price of oil this month is making gasoline cheaper at a time of year when it typically gets more expensive. It's a relief to motorists and business owners and a positive development for the economy. More
  • Nigeria tycoon 'plans $8bn refinery'
    Africa's wealthiest man, Aliko Dangote, says he aims to invest up to $8bn in a major new oil refinery that would double Nigeria's current oil output. More
  • Exxon CEO's Compensation Rises to $40.2 Million
    Exxon Mobil said CEO Rex Tillerson's total compensation rose 15% last year to $40.2 million. More
  • GE to buy oil pump maker Lufkin for nearly $3 billion
    General Electric Co is buying oilfield pump maker Lufkin Industries Inc for $2.98 billion, sharply increasing its presence in the fast-growing market to extract oil and natural gas from shale rock, the conglomerate said on Monday. More
BING NEWS:
  • Oil spill in Kerch Strait after two Russian oil tankers seriously damaged in storm
    Russian officials say two oil tankers have taken heavy damage during a storm in the Kerch Strait, spilling oil and sparking an emergency ...
    12/14/2024 - 11:00 pm | View Link
  • World News
    This is the fourth time UN talks aimed at getting countries to agree on tackling climate change impacts have either failed to reach a consensus or delivered disappointing results this year, ...
    12/14/2024 - 10:35 am | View Link
  • Oil Prices Set for New Boom After 2035 on Demand, Rapidan Says
    Oil prices are set for a new boom period from the middle of the next decade on continued demand growth in China and elsewhere, according to consultants Rapidan Energy Group.
    12/13/2024 - 3:27 am | View Link
  • Oil prices end lower as IEA sees global market ‘comfortably supplied’ next year
    Oil prices ended a bit lower on Thursday, putting an end to a three-session streak of gains, after the International Energy Agency lowered its global oil-demand growth estimate for this year and said ...
    12/12/2024 - 7:30 am | View Link
  • Why OPEC's grip on oil markets will continue to weaken in 2025
    The IEA forecasts a major oil supply glut in 2025, and even if OPEC+ continues to limit production, it won't be enough to address the overhang.
    12/12/2024 - 6:35 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News