Oil and gas industry expected surplus—but war brought shortage instead

Oil and gas industry expected surplus—but war brought shortage instead

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 ...

Oil and gas industry expected surplus – but war brought shortage instead

by John Patrick Schoeneman Jr., Oklahoma State University, [This article first appeared in The Conversation, republished with permission] In 2023, the International Energy Agency predicted that by 2028 the world’s...