Oil is estimatedated upto next
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The world's oil production capacity is expected to rise by 5.9 mb/d by 2025, which more than covers growth in demand. The US leads the way as the largest source of new supply.Conventional onshore oil production will decline 1.4% per year on average until 2050, but will still account for more than 50% of all oil production by then.
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The world's oil production capacity is expected to rise by 5.9 mb/d by 2025, which more than covers growth in demand
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