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14 2022 IEA warns that supply shortfall could worsen as OPEC falls short S P Global Platts; Feb 11
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that would fill a potential supply shortage expected by the early to middle part of the next decade
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production cuts which has worked to shrink a global supply glut after a multiyear downturn in prices Russian
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taking supply from the Middle Eastern exporter s massive North Field expansion project three people
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” Ed Hirs an energy fellow at the University of Houston said of continued supply uncertainty Energy
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are forecast to increase production to 55 bcf per day supplying more than 40 percent of the North American
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said It would poison our community s water supply It s a threat to everybody I take care
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production facility in the same offshore area set for start up in 2022 LNG supply depends on demand
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such as Pakistan boost gas consumption a supply deficit looms That may come as early as 2020 Barclays said in a
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Multiple factors create fear of oil supply squeeze and rising prices Bloomberg; April 7 When oil rose above
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oil supplies by 3 million to 5 million barrels per day pushing prices to between 109 and 121 per
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at global supply and demand — big picture stuff like Saudi production and Chinese consumption Alternatively
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below for the next 12 months Next year the energy market faces a double whammy of a supply glut
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was rushing to fill its gas storage facilities for winter after Russia cut off supply Prices have fallen
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major LNG buyer to seek concessions in long term supply contracts from Qatar the world s biggest LNG
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for lower prices in its long term LNG supply deal with Qatar — just as India’s Petronet was able to do
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as supplies soars And while low prices are a boon for consumers the lack of demand and lowered revenue
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portfolio beyond the end of the decade ” said Paul Reed chief executive of BP’s supply and trading business
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gas supply deal toward the peak demand winter period a shift likely to weigh on global spot prices
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price forecast by almost 10 on the back of what they see as increasing supply and slower demand