Saturday, June 7, 2025

OPEC: U.S. Shale Will Peak in Mid-2025

U.S. will have its day, but after shale peaks, OPEC will dominate by supplying 40 MMBOPD by 2040 OPEC sees global demand at 111.7 MMBOPD by 2040 – a 15% increase from 2018 OPEC released its annual World Oil Outlook today, outlining the group’s long-term expectations for the oil industry. The cartel predicts the U.S. will supply much of the