The trend of non OPEC supply growth through 2020 is driven by US tight oil. Our forecast shows that gains in US production can be absorbed without overwhelming the global oil supply and demand balance.
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Will OPEC sideline US producers by defeating tight oil?
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Table of contents
Tables and charts
This report includes 7 images and tables including:
Chart 1: Year on year change in non-OPEC supply to 2020
Chart 2: US production shows strong gains due to tight oil
Chart 3: Change in OPEC capacity from 2013 to 2020 in million b/d
Chart 4: Current Iraq crude oil capacity forecast compared with fourth quarter 2012
Chart 5: Total Growth from 2013-2020
Chart 6: February 2014 supply outages compared to Q3 2013 supply outages
Chart 7: US tight oil new development volumes by breakeven in Brent terms