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flag The IEA says new oil and gas investments are vital to prevent a 5.5 million bpd supply drop.

flag The International Energy Agency has reversed its previous stance, stating that new oil and gas investments are needed to maintain current production levels due to faster decline rates in mature fields. flag The IEA, citing analysis of 15,000 fields, found that without continued investment, global oil supply could drop by 5.5 million barrels per day annually, threatening energy security. flag Upstream investment in 2025 is projected at $570 billion, with a significant gap remaining to offset declining output. flag The agency emphasized that new conventional projects may be essential, though demand reductions could lessen the need.

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