As Oil Industry Recovers From a Glut, a Supply Crunch Might Be Looming

7/29/2018

The oil industry needs to replace 33 billion barrels of crude every year to satisfy anticipated demand growth. This year, new investments are set to account for an increase of just 20 billion barrels say, analysts. Markets are closed on Sunday.

Source: The Wall Street Journal - By: Sarah Kent & Georgi Kantchev - Image: Luke Sharrett/Bloomberg News

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