Goldman Sachs
- says “oil production growth from non-OPEC ex Russia ex shale top projects will likely accelerate to 1MB/d over next two years”
- “wave of new natural gas projects in Saudi Arabia and Qatar may lift OPEC NGL production growth to a 0.2MB/d annual average over next two years”
- lower oil prices in 2025–2026 (i.e. a near-term surplus) may lead to an earlier and lower peak for US shale production
This article was written by Eamonn Sheridan at www.forexlive.com.