Why Europe may face an oil shortage within a decade

New analysis suggests supply set to fall at faster rate than shift to greener alternatives

Russian oilfield
Oil pumping jacks, also known as ‘nodding donkeys’, operate at an oilfield in Russia
(Image credit: Andrey Rudakov/Bloomberg via Getty Images)

Europe may face an oil shortage within the next ten years as supplies from Russia and Africa rapidly decline, new research has found.

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