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Oil Price

ASPO: 2020 crude oil production down by around 8 mb/d

If everything goes well, that is. Armed conflicts in oil producing countries, socio economic unrest and other unforeseen events impacting on oil supplies are not included in this estimate. The production curves shown here (whether ASPO or IEA) are upper (oil-geological) bounds.

In the Catalyst show “Oil crunch” the President of ASPO (Association for the Study [...]