International Energy Agency: The natural decline rate of global oil and gas field production is accelerating

The International Energy Agency stated on Tuesday that the natural decline rate of global oil and gas field production is accelerating due to an increasing reliance on shale oil and deep-sea resources. This means that companies need to accelerate their investment pace to maintain stable production. The IEA's statement warned that without continued investment in existing oil fields, the world will lose oil production equivalent to the total output of Brazil and Norway each year, which will impact the market and energy security