IEA Sees Sharp Growth in U.S. Shale Oil Supply and Asian Gas Demand

SUGAR LAND, TEXAS--November 27, 2019--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--U.S. crude oil production from shale formations could soar by nearly 50% to about 16 million barrels per day (BBL/d) by 2030, fundamentally altering global oil markets and capturing market share from the "OPEC+ Russia" group, according to one scenario contained in the World Energy Outlook released earlier this month by the International Energy Agency (IEA) (Paris, France). Within this article: Details of the IEA's World Energy Outlook.