Impact Of Oil Output Fall At Ageing Fields Seen As Acute

“Depletion has become a serious issue for the oil market, and I believe it is contributing to market tightness,” said Chris Skrebowski, editor of the London-based Energy Institute’s Petroleum Review. Skrebowski has studied the issue using data from BP PLC’s (BP) widely-read Statistical Review of World Energy data. “What it means is that before you meet a single barrel of demand growth you have to replace all the missing barrels,”

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