Oil supply long-term outlook H2 2017: the role of tight oil and OPEC
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- US Lower 48 crude: stronger growth to 2021, but lower peak production
- Permian remains the key growth play for US Lower 48; but increasing focus on downside risk
- OPEC: long-term production growth dominated by Iran and Iraq; near-term recovery in Libya
- Political risk and OPEC policy remain critical to price outlook to 2035
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