Macro Oils long-term outlook H2 2019
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Report summary
Table of contents
- Global supply outlook switches away from strong growth during the mid-2020s
- Non-OPEC: pace of short-term supply growth slows in early 2020s; broad plateau from 2025 to 2035
- US Lower 48: a story of deferred growth
- Russia leads the revisions elsewhere in non-OPEC
- OPEC long term capacity increases despite sanctions losses in Iran and Venezuela
- Global demand: heading toward a plateau by the late 2030s
- Fuel demand from passenger cars: reaching a peak after 2030
- The fight against air pollution: another force shaping transport fuel demand
- Demand for petrochemical feedstocks
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