Global supply and demand of liquid fuels both breached 100 million barrels per day (mb/d) for the first time in 2018. As arbitrarily symbolic as that number is, behind it lies a broader, constant trend spanning several decades: economies are growing and require more energy, pushing continued demand to further expand the world’s cheap and accessible supply of it. Yet there is a simultaneous need to limit the rise in global temperature to below 2°C under the Paris Agreement. So how do oil and gas producers fit into this story?
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