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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

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Statoil says that global capex is set to fall for two years in a row, and is on track to fall for a third year in 2017 as more spending cuts are likely. That widens to more than a million barrels per day in both 2017 and 2018. That will prevent any short-term price spike even if depletion surpasses new production.

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Pike Research forecasts global biofuels market to double by 2012 to $185.3B

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growth in the industry over the next decade, Pike expects production volumes to fall short of an estimated 71.8 continue to pour into the industry. Key trends identified in the report include: Oil prices are expected to climb over the next decade, driving increased interest in. growth in the global biofuels industry.

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Pike Research forecasts global biofuels market value to double to $185B by 2021

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between 2017 and 2021, as a combination of higher oil prices, emerging mandate. drive increased investment in the industry, the report finds. The report identifies a number of key trends, including: Oil prices are expected to climb over the next decade, driving increased interest in. dominance and reach 49.5

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