12092018Sun
Last updateFri, 07 Dec 2018 3pm

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End-User News

OPEC: U.S. Shale Oil Stealing Market Share

According to OPEC’s latest World Oil Outlook, total primary energy is set to expand by a robust 33% between 2015 and 2040, driven predominantly by developing countries, which see almost 95% of the overall energy demand growth.

Fast evolving trade patterns for crude oil and refined products will continue to evolve, driven initially by additional flows from the U.S. and Canada, and in the long-term by the Middle East, mostly attributed to increasing imports to the Asia-Pacific. 

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