Analyst firm Wood Mackenzie warns of global oil deficiency

Countries across the globe will thirst desperately after crude oil within a few decades, projects an international analysis bureau in a new report.

BY MATTHIAS TOFT

The current oil crisis has analyst firm Wood Mackenzie sounding the alarm. Ever since the price of oil began to nosedive in the summer of 2014, exploration activity has plunged accordingly. And it will give rise to a major oil deficiency by 2035, writes the firm according to Norwegian business daily Dagens Næringsliv.

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