Doesn't see US shale production adding another 2-3mbpd of new oil capacity anytime soon
IEA's Birol also up saying that he sees US oil production rising again this year.
He adds that if oil investments don't recover, the world will see a big gap in supply within 2 years.
Let battle commence, again.
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Market rallies on strong earnings, but watch for overvaluation risks. Investors eye key metrics.
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Crude drops 5% weekly despite Mideast tensions. JPM warns of wartime highs if Hormuz stalls.
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