Sentences with phrase «dwindling supplies following»
High oil prices in 2007 and 2008 were due to a large and persistent production supply deficit because of high demand from China and the Far East, and dwindling supplies following the peak of conventional oil production in 2005 (Figures 15 and 17).
https://oilprice.com/ Not exact matches
It was driven by growing Chinese and other Far East demand and by dwindling oil supplies following the peak of conventional production in 2005.
In the following spring, supplies could dwindle to inadequate levels, causing prices to soar.