Louisiana Light • 4 days | 93.55 | -0.08 | -0.09% | |||
Bonny Light • 3 days | 96.23 | -1.40 | -1.43% | |||
Opec Basket • 4 days | 97.48 | +2.17 | +2.28% | |||
Mars US • 2 days | 88.89 | -0.92 | -1.02% | |||
Gasoline • 11 mins | 2.407 | +0.007 | +0.31% |
Bonny Light • 3 days | 96.23 | -1.40 | -1.43% | |||
Girassol • 3 days | 97.26 | -1.46 | -1.48% | |||
Opec Basket • 4 days | 97.48 | +2.17 | +2.28% |
Peace Sour • 1 hour | 85.29 | -0.92 | -1.07% | |||
Light Sour Blend • 1 hour | 85.79 | -0.92 | -1.06% | |||
Syncrude Sweet Premium • 1 hour | 94.39 | -0.92 | -0.97% | |||
Central Alberta • 1 hour | 83.59 | -0.92 | -1.09% |
Eagle Ford • 4 days | 88.19 | +1.32 | +1.52% | |||
Oklahoma Sweet • 4 days | 88.25 | +1.25 | +1.44% | |||
Kansas Common • 5 days | 84.00 | +3.25 | +4.02% | |||
Buena Vista • 5 days | 98.88 | +2.54 | +2.64% |
International forecasters and China’s state-owned…
Talks are heating up between…
Rystad Energy
Rystad Energy is an independent energy consulting services and business intelligence provider offering global databases, strategic advisory and research products for energy companies and suppliers,…
The industry achieved a net production increase of 164 billion cubic metres (bcm), which represents the highest production growth since 2010, according to research by Rystad Energy.
“Year-on-year growth was clearly driven by North America, which accounted for 71 bcm, followed by the Middle East with 39 bcm. Europe was the only region that experienced a reduction in 2018,” Rystad Energy partner Espen Erlingsen said.
Rystad Energy forecasts the supply surge will continue in the coming years. Expected average annual growth from 2018 to 2021 is 115 bcm, which would outpace the average annual growth from 2011 to 2017 by 90%.
“Going forward, global growth will be driven primarily by North American gas, which is going through an LNG development phase,” Erlingsen added.
Rystad Energy, the independent energy research and consulting firm headquartered in Norway with offices across the globe, expects that US gas production will reach almost 1,000 bcm per day (94 bcfd) by 2025.
The weakest global annual growth was observed in the 2015-2016 cycle, when global gas output grew by only 12 bcm. This was also the only period in which North America experienced a year-on-year reduction in gas production growth.
ADVERTISEMENT
More Top Reads From Oilprice.com:
Rystad Energy is an independent energy consulting services and business intelligence provider offering global databases, strategic advisory and research products for energy companies and suppliers,…
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com