• Upstream
  • Pipelines & Transport
  • Downstream
Saturday, July 19, 2025
Oil&Gas Advancement
  • Home
  • News
    Snam GTSOU Sign MoU to Boost Italy Ukraine Gas Markets

    Snam, GTSOU Sign MoU to Boost Italy-Ukraine Gas Markets

    Naftogaz, Baker Hughes Signs MOU to Boost Ukraine Energy

    Naftogaz, Baker Hughes Signs MOU to Boost Ukraine Energy

    SEFE-ADNOC-Gas-Deal Expands LNG Supply for Europe Energy

    SEFE, ADNOC Gas Deal Expands LNG Supply for Europe Energy

    Canada Broadens Outlook to be LNG Exporting Superpower

    Canada Broadens Outlook to be LNG Exporting Superpower

    Turkey Hikes Natural Gas Prices

    Turkey Hikes Natural Gas Prices Amid Budget Pressures

    Indonesia and Saudi

    Indonesia and Saudi Sign $27B Oil and Gas Investment Deals

    Oil Prices Surge 3 Percent

    Oil Prices Surge 3 Percent Amid Iran Move and US deal

    Germany Allows Drilling in North Sea Protected Marine Zone

    Germany Allows Drilling in North Sea Protected Marine Zone

    Crude Oil Prices Rise Ahead

    Crude Oil Prices Rise Ahead of OPEC Production Update

  • Projects
    South Africa Proposes

    South Africa Proposes US LNG Purchase Deal for 10 Years

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    UAE Energy Investments in the US

    UAE Energy Investments in the US to Reach $440B by 2035

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Future-proofing-gas-sector

    Future-proofing Gas Sector for Efficiency and Sustainability

    South-Africa-Oil-and-Gas-Exploration

    South Africa Speeding-up its Oil and Gas Exploration

    Upstream-Exploration

    High-Risk Geographies in Upstream Exploration and Challenges

    Offshore-Drilling

    Innovations Driving the Future of Offshore Drilling

    Gato-do-Mato

    Shell Approves Gato do Mato Project in Brazil

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    Youth-Empowerment at Namibia Oil and Gas Conference 2025

    Namibia Oil and Gas Conference 2025 Announces Future Generations Masterclass in Partnership with the Namibia Youth Energy Forum

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Sinopec Sets New Vertical Well Depth

    Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

    Jubail Asset Integrity

    Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

    IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy

    Ocean Business announces exhibitor list for 2025 show

    Ocean Business 2025 conference programme announced

    Engine No. 1, Chevron And GE Vernova To Power U.S. Data Centers

  • Market Reports
    HDPE Market in Oil and Gas

    HDPE Market in Oil and Gas: Trends and Global Forecast

    Top 5 Oil and Gas Sector Trends that are Active in 2025

    Oil-and-Gas-Analytics

    Oil and Gas Analytics Market Growth Trends and Forecast

    Gas-Transportation

    Transport Capacity – Key to Gas Sector Growth in India

    Offshore-Drilling

    Namibia Showcases its Offshore Drilling Activities

    Global-Oil

    Demand for Global Oil to Grow to Almost 104 mb/d in 2025

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil completes acquisition of Pioneer Natural Resources

    Ithaca Energy unit to acquire Chevron’s Central North Sea assets

    ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition

    CNOOC

    Petrobras achieves second highest profit in history in 2023: R$ 124.6 billion

  • Events
  • Contact Us
No Result
View All Result
Oil&Gas Advancement
No Result
View All Result

Oil seen below $100 until 2020 by ex-IEA chief due to U.S. shale

Share on FacebookShare on Twitter

Oil prices won’t rebound to $100/bbl before 2020 to 2025, when U.S. shale production will gradually start to decline, according to a former head of the International Energy Agency.

Demand for crude in China, India, Southeast Asia and Africa will drive up global prices in the “long term,” Nobuo Tanaka, who served for four years as the IEA’s executive director, said in an interview in Abu Dhabi. Tanaka left the IEA, an advisory body to the world’s industrialized nations, in September 2011 and currently works as a professor at the University of Tokyo School of Public Policy.

“Price will not go up to a hundred as easily as before,” Tanaka said. “The shale production in the U.S. will gradually slow down after 2020 or 2025, so again there’s a chance of higher prices coming after that.”

Brent crude, a global pricing benchmark, dropped 44% in the last 12 months and was 20 cents higher at $50.06/bbl on Tuesday in London at 12:01 p.m. local time. The Organization of Petroleum Exporting Countries, led by Saudi Arabia, decided on June 5 to keep its crude production target unchanged to force higher-cost producers, such as U.S. shale companies, to cut back. The producer group has exceeded its target for 16 consecutive months, data compiled by Bloomberg show.

Built-In Stabilizer

“Shale production is a built-in stabilizer,” Tanaka said. “OPEC used to manage the production to stabilize the price; that was the regime before but now when OPEC gave up this kind of function, now the shale oil is acting in the market as a built-in stabilizer. These are new dynamics of the market.”

The gap between crude oil supply and demand will continue until the end of the year, and a supply shortfall may develop in the third or fourth quarter of 2016, he said. “Until that time, if the current situation continues, the price will stay as low as the current one.”

Iran, the fifth-largest producer in OPEC, is preparing to bounce back from economic sanctions that choked off investment in its oil industry. The nation could boost output to 3.6 MMbopd from its current 2.9 MMbopd in six months, the Paris-based IEA said in in its monthly report Tuesday.

Iran has said it will increase oil exports by 500,000 bpd within six months of the lifting of sanctions and then double that increase to 1 MMbpd.

“Certainly that eases the market situation and means the oversupply will continue,” Tanaka said.

Previous Post

Pennsylvania inks cooperation agreement with West Virginia, Ohio to boost shale gas industry

Next Post

Shale gas development in China aided by government investment and decreasing well cost

Related Posts

Indonesia Targets 1M Barrels
News

Indonesia Targets 1M Barrels of Oil Production by 2029

June 30, 2025
Technologies Transforming
Featured

Technologies Transforming Oil and Gas Operations

June 30, 2025
South Africa Proposes
Africa

South Africa Proposes US LNG Purchase Deal for 10 Years

June 4, 2025
Alaska LNG
Pipelines & Transport

Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

June 4, 2025
HDPE Market in Oil and Gas
Asia Pacific

HDPE Market in Oil and Gas: Trends and Global Forecast

May 26, 2025
Scope 1 2Emission Reductions
Exploration Development

Scope 1 & 2 Emission Reductions with Methane Detection Tech

May 26, 2025
Next Post

Shale gas development in China aided by government investment and decreasing well cost

Snam GTSOU Sign MoU to Boost Italy Ukraine Gas Markets
News

Snam, GTSOU Sign MoU to Boost Italy-Ukraine Gas Markets

July 17, 2025
Naftogaz, Baker Hughes Signs MOU to Boost Ukraine Energy
News

Naftogaz, Baker Hughes Signs MOU to Boost Ukraine Energy

July 16, 2025
SEFE-ADNOC-Gas-Deal Expands LNG Supply for Europe Energy
Europe

SEFE, ADNOC Gas Deal Expands LNG Supply for Europe Energy

July 15, 2025
Canada Broadens Outlook to be LNG Exporting Superpower
News

Canada Broadens Outlook to be LNG Exporting Superpower

July 11, 2025
Turkey Hikes Natural Gas Prices
Gases

Turkey Hikes Natural Gas Prices Amid Budget Pressures

July 11, 2025
Indonesia and Saudi
News

Indonesia and Saudi Sign $27B Oil and Gas Investment Deals

July 10, 2025

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack

System

  • Search
  • Site Map
  • RSS Feed
  • Upstream
  • Pipelines & Transport
  • Downstream

© 2018 Copyright Valuemediaservices 2018 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Whitepapers
  • Press Releases
  • Market Reports
  • Events
  • Contact Us

© 2018 Copyright Valuemediaservices 2018 All rights reserved.