Despite recent supply reductions, global liquid fuels production to outpace demand

Despite relatively lower supply from a number of major crude oil-producing countries, including Saudi Arabia, Libya, Venezuela, and Canada, global liquid fuels production was forecast to exceed global consumption through 2020 in EIA’s February Short-Term Energy Outlook (STEO).
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Despite recent supply reductions, global liquid fuels production to outpace demand was originally posted by Energy News That Matters