RE:No 1 priorityGreat perspective.
At current consumption rates of 100 Mln boed (36.5 Bln/yr) we are using that up in 7 weeks.
"Global oil and gas discoveries in 2021 are on track to hit their lowest full-year level in 75 years should the remainder of December fail to yield any significant finds, Rystad Energy analysis shows.
As of the end of November, total global discovered volumes this year are calculated at 4.7 billion barrels of oil equivalent (boe)
and, with no major finds announced so far this month,
the industry is on course for its worst discoveries toll since 1946."