Quoted By:
Is oil really really fucked?
>Petrobras recently commissioned two presalts, three more to come next year, almost 600kboe/d, +300kboe/d in 2026, +450kboe/d in 2027, and more to come through 2034 with Brazilian production increasing by about 50% from today
>Guyana production to increase by 300kboe/d in 2025, production could increase by another 600kboe/d by the end of the decade
>offshore Namibia's Orange Basin will begin production by the end of the decade
>China is building a $12B coal-to-liquids plant by 2027
>Permian will begin declining next year, analysts say every year
>Canada's Montney, Duvernay and oil sands production keep growing
>OPEC+ production hikes looming
>Trump in power
>all while demand is in question due to global economic slowdown
