Slowing demand and increasing production puts North America on track for net liquids exports

BP (ticker: BP) released its 2016 Energy Outlook - Focus on North America today. In the repost it forecasts that increasing oil and gas production, mixed with lower demand in North America, will lead to net exports by 2021.

Liquids consumption is expected to decline by 1 MMBOPD to 22.3 MMBOPD by 2035, BP said in its report, the lowest level since 1996.

Oil’s market share is expected to decline to 4% to 31% by 2035 as increased use of natural ...


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