Improved design practices can aid environment, energy transitions
During the first months of 2016, perspectives for a stabilizing Oil market are being confirmed. Excess supply should curb in the following months given the unforecasted high increase in global oil demand (1.3 MMbpd in 2016) and decrease in the production of OPEP and non-OPEP countries. Decreasing investments in exploration-production since 2014 could also translate to a production shortfall as we approach 2018-2020, leading to a new Oil Crisis.
Published in Hydrocarbon Processing (September 2016).
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