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  March 14th, 2017 | Written by

WATCH: IEA Oil Market Report 2017

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  • IEA Oil Market Report: Need for more production capacity by the end of the decade.

The CSIS Energy & National Security Program hosted Keisuke Sadamori, Director of Energy Markets and Security at the International Energy Agency, to present the IEA’s Oil Market Report 2017.

The report projects oil demand is expected to grow strongly at least to 2022, with main developing economies leading the way. The need for more production capacity becomes apparent by the end of the decade. There is a risk of prices rising more sharply by 2022 as the spare production cushion is eroded.