I don't understand p 24 of this PDF from Rystad Energy. Can someone please distinguish, and ELI5, 7 ((Crude supply (current OilMarketCube, downside risk)) and 8 (Crude supply (with required shut-ins to balance))?
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The precise definition of Oilmarket cube will be explained elsewhere, earlier most likely, but it will be a unit that is used to compare sources much like kWh can be used for gas as a cubic foot of gas varies its heating power with temperature.
It could be 1m^3 or 1000m^3 but it will be an amount stated.
answered May 19, 2020 at 5:45