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Oil Supply

IEA Says Fading Oil Production Threatens Supply

International oil majors such asExxon Mobil Corp. and Royal Dutch Shell PLC are being squeezed out of the world's main oil-producing areas by national oil companies.

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Crash in oil exploration puts world ‘on bad path’

Fatih Birol, chief economist at the IEA, said: "We hear almost every day about a project being postponed. This is a major problem."

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Oil hits 20-month low at $56 a barrel

Crude oil sank to a fresh 20-month low even as the International Energy Agency warned of a potential global supply crisis due to delays in investment arising from price weakness and the credit squeeze.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.