Rystad Energy: oil supply to grow faster than demand.

Author:Permenter, Kate
Position::Newsreel
 
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Rystad Energy has compared the revised IEA oil demand outlook to its own supply estimates and is forecasting U.S. tight liquid production to surpass 10 MMbbls before 2020.

The analysis, derived from global upstream database UCube, shows oil markets have gradually been tightening over the last two years, while the outlook indicates a possible inflection point early in 2015 and an increasing downward pressure on oil prices for the coming two to three years.

The recent geopolitical outages of oil production from the Middle East and North Africa has, until now, been balanced by the increased supply of unconventional tight oil from the United States.

This predicted easing of the oil markets is partly based on an...

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