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The energy
Royal Dutch Shell has announced it has passed its peak production of oil. The
of increasing oil production are over and the
in output has started. Shell said in a press
that, "oil production peaked in 2019". The "
point" of Shell's oil production reached around 1.7 million barrels per day. It now expects an annual drop of up to two per cent per year. The
comes a year ahead of Shell's initial forecasts. In 2015, the company predicted the peak of global oil
would be in 2020. The
included news that Shell would reduce the number of its oil
from 14 sites to six. This means the loss of around 9,000 jobs, or more than 10 per cent of its
.
