- Supply side of oil market faces challenges
- One forecast for peak oil just above 2010 level
- Barclays suggests oil price focus is US$90-100 per barrel at present
- JP Morgan's forecasts above this level

By Chris Shaw

This week the International Energy Agency (IEA) is due to publish its long-term scenario document, the 2011 World Energy Outlook. Leading into the release, JP Morgan notes for many years the IEA has argued for the need for the sector to invest to ensure any supply gap is met. In the IEA's view the resources to lift supply are there, but investment is needed to convert enough resources into producible reserves to offset the decline of mature fields.