Oil shortage due if exploration remains stagnant: Rystad

摘要

Despite lower future demand due to the COVID-19 pandemic and e accelerating energy transition, the world is on track to run out of sufficient oil supplies" to meet its needs through 2050, a recent report by Rystad Energy revealed. The solution, according to Palzor Shenga, senior upstream analyst with the research firm, is for a significant acceleration in exploration efforts made by upstream oil and gas companies.