International Energy Agency: The natural decline rate of global oil and gas fields is accelerating.

The International Energy Agency said on Tuesday that as the world's dependence on shale oil and deep-sea resources continues to increase, the natural decline rate of global oil and gas fields is accelerating. This means that companies need to accelerate their investment pace in order to maintain stable production. The IEA warned in its statement that if investments in existing oil fields are not continued, the world could lose the equivalent of the total oil production of Brazil and Norway each year, which would have implications for the market and energy security.