OPEC’s annual World Oil Outlook 2019 came out this past week and as usual offers some keen insight into the global oil market. Oil leads and accounts for 35% of global energy supply, and OPEC supplies 35% of the world’s oil. Even from 2019-2030, U.S. tight oil output will balloon by another 5.3 million b/d to nearly 17.5 million b/d. Oil demand for road transport and petrochemicals will maintain 'the oil age" for longer than you are ... [+] being told. India’s oil demand is expected to double over the next two decades.

Source: Forbes November 11, 2019 00:08 UTC