RE:STEO by ONJust found some data on World petroleum production outside of OPEC+ . it is negative except for Canada. The world depends on either Saudi Arabia or Canada. Any body out there listening ? Certainly not the polticians or the Ecotards.
https://peakoilbarrel.com/non-opec-june-oil-production-has-small-increase/ Oldnagger wrote: Warning This could be toxic to your investment health !!
Decline in daily. Global covid cases =1 % per day or 40 kbpd increased consumption
Population growth = 3 kbpd increaed consumption
weather = 30 kbpd over next 5 months
Consumption growth = 73 kbpd per day
production growth
OPEC + = 13 kbpd
US = 3 kbpd (currently 2 kbpd)
rest of world ? 5 kbpd
Production growth = 20 kbpd
Deficiency to be made up by renewables or inventory drawdown = 53 kbpd per day !!
Future WTI price this winter ???
Future nat gas price ???
Future NVA price UP we don't need higher prices, we will be getting much higher volumes at today's prices !!