BP: WORLD ENERGY - 2015
The most significant development on the supply side in 2014 was undoubtedly the continuing revolution in US shale. The US recorded the largest increase in oil production in the world, becoming the first country ever to increase average annual production by at least 1 million barrels per day for three consecutive years.
The US replaced Saudi Arabia as the world's largest oil producer – a prospect unthinkable a decade ago.
The growth in US shale gas in recent years has been just as startling, with…
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.