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
Divided oil world
24 October 2016
The global crude supply landscape has transformed over the past two years, bringing some blessings and many curses for producers
A glimpse of recovery for distillates
24 October 2016
Falling runs and Middle East maintenance will tighten European distillate supply in Q4
Running the rule on US supply
20 October 2016
The head of the EIA discusses the market, the debate over fracking and what the future holds for the country’s energy data