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Bullboard - Stock Discussion Forum Kolibri Global Energy Inc T.KEI

Alternate Symbol(s):  KGEI

Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. The Company, through various subsidiaries, owns and operates energy properties in the United States. The Company utilizes its technical and operational expertise to identify and acquire additional projects in oil, gas and clean and sustainable energy. The Company... see more

TSX:KEI - Post Discussion

Kolibri Global Energy Inc > key assumptions of IEA is stable mid east oops!!!!
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Post by Carbonbull on Oct 29, 2023 11:18am

key assumptions of IEA is stable mid east oops!!!!

On the supply side, the IEA expects oil producers outside the Organization of the Petroleum Exporting Countries and its allies — known as OPEC+ — to “dominate medium-term capacity expansion plans,” including the United States, Brazil and Guyana. Global supply capacity is expected to increase by 5.9 million barrels per day to 111 million barrels per day by 2028, and result in a spare capacity cushion of 3.8 million barrels per day, mainly concentrated in the Middle East, particularly Saudi Arabia and the United Arab Emirates.

Source: International Energy Agency

Russian output remains “clouded,” with the IEA predicting declines as a result of sanctions on Moscow’s seaborne oil and petroleum products exports since the end of last year, along with the departure of Western companies that facilitated production. The IEA expects Russian supplies to ease by a net 710,000 barrels per day for the six-year foreca

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