Related Articles
Forward article link
Share PDF with colleagues

Shale-oil output to hit 14 million b/d by 2035

Global shale-oil output will see a steep rise over the next 20 years, according to a new report, writes Helen Robertson

Global shale-oil output will soar over the next 20 years, possibly to as much as 14 million barrels a day (b/d), according to a new report by PricewaterhouseCoopers (PwC). In its report, Shale oil: the next energy revolution, the consultancy said it expects shale-oil production could make up as much as 12% of expected total global crude oil supply in 2035. This increase could cause oil prices to fall by up to 40%, the equivalent of around $100/b in real terms. The US Energy Information Administration (EIA) says Brent prices could reach $163/b by 2040, up from an average of around $116/b last year. “The potential emergence of shale oil presents major strategic opportunities and challenges f

Also in this section
What does a balanced oil market mean?
19 July 2016
Supply and demand might come back into line this year, but without the kind of price rises the industry hopes for
Casualty of the inferno
8 July 2016
Damage spreads across supply chain
Banking on China
8 July 2016
Asia’s big markets aren’t growing. New ones are needed