IEA Warns of Accelerating Decline in Global Oil and Gas Fields
IEA: Faster Decline in Oil and Gas Fields Demands Urgent Investment to Maintain Supply The International Energy Agency (IEA) has warned that the natural decline in production from the world’s oil and gas fields is accelerating, driven by growing reliance on shale and deep offshore resources. The trend means companies must significantly increase investment just to keep global output steady. According to the IEA’s latest analysis, without ongoing investment in existing fields, the world would
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