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Will OPEC sideline US producers by defeating tight oil?

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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.

Table of contents

  • Executive Summary
  • US oil production drives non-OPEC growth
  • Growth in OPEC supply to 2020 depends on Iraq
  • Supply outages support crude oil prices
  • Low oil prices would hinder US tight oil
  • Conclusion

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

What's included

This report contains:

  • Document

    Will OPEC sideline US producers by defeating tight oil?

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