Several other news outlets reported about it, like
www.oilprice.com here. The same news outlet had this article in February 8, 2024: "
Standard Chartered: Expect Very Little Growth In U.S. Oil Supply In 2024" (b
y Alex Kimani). From the article:
"Now, Standard Chartered has predicted very little incremental growth in US crude oil supply in 2024, saying y/y growth will decelerate strongly and even turn negative in December 2024 from above 1.2 million barrels per day (mb/d) in December 2023."
This is also an interesting article: "Peak Oil And Gas Development Predicted For 2024", by New Horizons Team, posted on
December 26, 2023 on www.newhorizonoilandgas.com.
And also this: "Oil faces a 'serious problem' by 2024 as production capacity runs out, warns Goldman Sachs — here are 3 big oil stocks with yields as high as 3.8%", by
Jing Pan, on June 16, 2023, on
Yahoo Finance. From the article:
"Speaking on the sidelines of a conference in Saudi Arabia earlier this year, Goldman’s global head of commodities research Jeff Currie predicts that oil prices could climb back above $100 a barrel this year.
The analyst sees rising demand for oil from China. Meanwhile, sanctions against Russia will likely reduce the country’s oil exports.
“Are we going to run out of spare production capacity? Potentially by 2024, you start to have a serious problem.” "