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Oil Production Is Up But The Iea Predicts Higher Energy Prices

by fortune.com posted 1week ago 14 views
Sanctions, strong dollar, trade instability threaten to raise global energy prices. : Energy prices may soon rise, but not for anything to do with Peak Oil—the theory that production will soon reach a peak and begin to fall—the International Energy Agency (IEA) predicts in its Oil Market Report released Friday. Overall supply has actually grown to record highs of over 100 million barrels a day thanks to a mix of factors such as the American shale boom and more production in Libya and Nigeria.