Sentence examples for additional oil supply from inspiring English sources

"Any additional oil supply is good news for the American consumer," said John Felmy, chief economist for the American Petroleum Institute, a Washington trade group.

Tight oil has bought the U.S. another decade or so of additional oil supply but, as peak oil predicted, at a cost.

We predict that all of the additional oil supplied to the market over the next decade will come from unconventional sources outside OPEC.

The International Energy Agency, which represents the world's 26 biggest oil-consuming nations, said on Monday that additional oil supplies would be needed in the coming months to meet demand.

A conspiracy theorist might assert that the oil companies like raking in profits and have no desire to jeopardize them by looking for additional oil supplies that could push prices down.

As such, additional oil supplies required to meet growing demand will likely be hard to come by.

Iran has the fourth largest proven oil reserves in the world, according to the US Energy Information Agency and any additional oil would add to the one million barrels a day of over-supply that has led to a more than 70% collapse in oil prices since the middle of 2014.

But the same is true of most of the additional oil from Venezuela and Saudi Arabia, which the Administration is counting on to calm the markets and assure supplies this winter.

Spare capacity — the amount of additional oil that could be produced if needed — will probably continue to be a small fraction of total supply.

When supplies return to normal, the loan is returned to the Strategic Reserve with interest as additional oil.

Oil supply outstrips demand too.