Oil supply crunch ‘to hit in 2019’ as investment in new projects dries up

Oil supply crunch ‘to hit in 2019’ as investment in new projects dries up

November 24, 2016
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By hellenicshippingnews An oil supply crunch could hit as soon as 2019 as investment in new projects dries up following the price crash, leading analysts have warned. Delays and cancellations of projects by cash-strapped energy giants mean the volumes of new crude production coming onstream will not be enough to make up for the decline from existing … Read full story ›

Source:: Hellenic shipping news Oil