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 near-term growth in oil demand, driven entirely by unconventional oil development.

According to OPEC, the unconventional boom will peak around 2025 when the U.S. will be producing about 13.4 MMBOPD of c...

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