The International Energy Agency has raised concerns about a potential oversupply in the global oil market, warning that a surge in US-led production could outstrip demand by a staggering 8 million barrels per day by the year 2030.International Energy Agency IE A is a warning that the US led surge in oil production will lead to an outstripping of global demand by 8 million barrels per day by 2030.
Now, the international watchdog said that oil demand will slow before peaking at 106 million barrels per day in 2030.Now, at the same time, oil production is expected to surge to 114 million barrels per day.Right now, fossil fuels account for about 80% of global energy supply.Despite this warning, by the end of the decade, oil demand is expected be higher than what it is today.
Remember that almost everything that you see around you that is synthetic, that's not made from wood or metal comes from chemicals made of molecules derived from fossil fuels. -- China’s appetite for overseas wheat and corn is dwindling rapidly, which is likely to heap pressure on world grain markets that have grown accustomed to robust demand from the world’s top agricultural importer.
Lawyers for 5 former Canadian world junior players accused of sexual assault made brief court appearances on Tuesday in London, Ont., as the defence and prosecution work out dates to determine how and when the case will proceed.The lawyers were in virtual assignment court without the accused — Cal Foote, Dillon Dubé, Michael McLeod, Alex Formenton and Carter Hart.
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