, a scenario the Saudis and OPEC have not been forced to grapple with since the early 2000s , before the riseGrow.strongof China triggered a decade-long price boomGrow.strong.
In its World Energy Outlook 2018 , the Paris-based IEA said it had cutCause.movement.down.lossits longer-term oil price projections from last year , partly because of the decliningMovement.down.losscost of both renewable and conventional sources of energy , the worldwide push to tackle climate change and improve air quality and the riseGrow.strongriseGrow.strongin U.S. shale oil and gas supply .
In its World Energy Outlook 2018 , the Paris-based IEA said it had cutCause.movement.down.lossits longer-term oil price projections from last year , partly because of the decliningMovement.down.losscost of both renewable and conventional sources of energy , the worldwide push to tackle climate change and improve air quality and the riseGrow.strongriseGrow.strongin U.S. shale oil and gas supply .
The U.S. government said on Tuesday it expects domestic oil output in 2000 to recoverGrow.strongonly 2.2 percent , the slowest pace in years , as the relentless rout in prices puts the brakes on the country 's five-year shale riseGrow.strong.
In its World Energy Outlook 2018 , the Paris-based IEA said it had cutCause.movement.down.lossits longer-term oil price forecast from Wednesday , partly because of the crateringMovement.down.losscost of both renewable and conventional sources of energy , the worldwide push to tackle climate change and improve air quality and the riseGrow.strongriseGrow.strongin U.S. shale oil and gas supply .
In its World Energy Outlook 2018 , the Paris-based IEA said it had cutCause.movement.down.lossits longer-term oil price forecast from Wednesday , partly because of the crateringMovement.down.losscost of both renewable and conventional sources of energy , the worldwide push to tackle climate change and improve air quality and the riseGrow.strongriseGrow.strongin U.S. shale oil and gas supply .
In the 1980s , it was a dropMovement.down.lossin U.S. and European consumption coupled with the riseGrow.strongof the North Sea ; now it is fears of easing demand from Asia and the unexpected growth of U.S. shale oil .
In its World Energy Outlook 2018 , the Paris-based IEA said it had reducedCause.movement.down.lossits longer-term oil price forecast from Wednesday , partly because of the droppingMovement.down.losscost of both renewable and conventional sources of energy , the worldwide push to tackle climate change and improve air quality and the riseGrow.strongriseGrow.strongin U.S. shale oil and gas production .
In its World Energy Outlook 2018 , the Paris-based IEA said it had reducedCause.movement.down.lossits longer-term oil price forecast from Wednesday , partly because of the droppingMovement.down.losscost of both renewable and conventional sources of energy , the worldwide push to tackle climate change and improve air quality and the riseGrow.strongriseGrow.strongin U.S. shale oil and gas production .
The U.S. government said on Tuesday it expects domestic oil production in 2000 to recoverGrow.strongonly 2.2 percent , the slowest pace in years , as the relentless rout in prices puts the brakes on the country 's five-year shale riseGrow.strong.