Shale oil production forecast 2020
This will mainly be driven by increases in US shale oil output, the report said. The estimates from this year’s report are a slight increase from those of the previous year. US oil production will rise to 16 million barrels a day by the late 2020s, the report said, making up almost 25 per cent of total non-Opec supply by then. U.S. crude oil production is expected to rise by 1.49 million barrels per day (bpd) in 2019 to average 12.45 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, up from