Can U.S. Shale Stop A Global Oil Supply Crisis?

Despite an expected slowdown in Permian growth rates, the U.S. shale patch is increasing production and will continue to do so this year and next.

Oil market investors and analysts are currently very much focused on the demand side, with concerns over the potential of trade wars to curb oil demand growth. On the supply side, analysts have shifted their focus onto losses from Iran, crumbling Venezuelan production, and whether OPEC and its allies will be able—and willing—to offset supply disruptions.

Currently, U.S. shale growth is probably the most overlooked supply-side factor, a factor that will likely offset many of the losses from production problems elsewhere in the short term. The big question is for how long U.S. tight oil growth can offset declining production in other parts of the world…

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