29 April 2024
IEA oil price warning for emerging LNG markets
Publication date: 07 March 2017
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The “unprecedented” collapse in upstream oil and gas investment over the past two years could lead to a spike in oil prices in the early 2020s, the International Energy Agency warned in its latest five-year market forecast.
Such a rise would have major implications for gas-importing countries, especially those that have been encouraged by low prices to begin importing LNG.