World’s Largest Oil Companies Struggling To Hold Production Levels

Energy analysts are saying that consumers could face new energy price spikes because oil demand will continue to grow by an average of 1.8% over the next couple of years. So with oil demand going up, how’s the supply? The October edition of Petroleum Review shows the production (.pdf) of the publicly traded petroleum companies. BP has taken the lead over ExxonMobil in terms of crude oil production…the reason?
TheWatt