gogechamberMar 17, 20211 min readGuyana preparing to produce billions of barrels of crude as global supply capacity set to erodeParis based International Energy Agency (IEA) said in its Oil 2021 report that the industry’s spare capacity supply cushion will slowly erode in the absence of fresh upstream investments, shrinking to its lowest since 2016.
Paris based International Energy Agency (IEA) said in its Oil 2021 report that the industry’s spare capacity supply cushion will slowly erode in the absence of fresh upstream investments, shrinking to its lowest since 2016.