The report focuses on the less-understood 40 million barrels per day of global crude production excluding OPEC, US onshore, and NGLs, and the outlook for the next 2-5 years. Key points include the expectation of no major roll-over in Non-OPEC supply through 2017, a call on US onshore growth of 500 Mb/d in 2017, the need for $65-$70/bbl oil to support this growth, and post-2017 Non-OPEC shortages driving increased demand for US crude and price inflation.
documents/vol00010-efta01367318-pdf.pdf
{"title":"US Integrated Oils Industry","key_people":["Ryan Todd","Igor Grinman","David Fernandez"],"document_date":"2015-05-31","document_type":"other","key_locations":["United States"],"document_subtype":"research report","key_organizations":["Deutsche Bank"],"reference_numbers":["MCI (P) 124/04/2015","DB-SDNY-0058850","SDNY_GM_00205034","EFTA01367318"]}