Series of important warnings emerging in the oil sector this week. With several sources noting that production is taking a steep nosedive — in one particular part of the world. Asia-Pacific. Industry specialists Wood Mackenzie released data Monday showing that Asian crude output is falling notably. In fact, the decline is substantially greater than production pullbacks anywhere else in the world. WoodMac’s Asia-Pacific upstream research director Angus Rodger said the region’s overall output is heading lower fast. With forecasts showing that Asia-Pacific crude production will fall by 1 million barrels per day, or over 13%, by 2020 — to 6.5 million b/d, from a current 7.5 million b/d. That’s largely a consequence of declines in Asia-Pacific’s “big four” oil producers — China, Indonesia, Malaysia, and Thailand. Coming as big fields in those countries hit maturity — thus requiring higher levels of investment to keep them pumping. Such capital investment […]