With data showing the availability of proven reserves for only 14 years of current production, Rystad Energy, an energy market intelligence group, has pointed out that in a scenario where oil demand is on the rise, supply may struggle even with high prices, but if the energy transition gets a boost, demand could fall.

Rystad Energy IPCC Vaca Muerta Permian Delaware New Mexico Per Magnus Nysveen Intergovernmental Panel Climate Change Artem Abramov Deputy Head of Analysis North America Based Argentina Texas Americas