Friday, August 3, 2018
The global natural resources consultancy Wood Mackenzie sees OPEC maintaining its role as a key oil supplier through 2040, although output from non- OPEC producers will help ensure adequate supply in the years to 2030. In its Macro Oils Long-Term Outlook H1 2018 report, Wood Mackenzie says it expects the U.S. Lower 48 to enjoy continued growth through the medium term, with its crude and condensate production reaching a plateau of more than 11 MMbbld in the mid to late-2020s. Once the U.S.