Permian drives L48 upgradeHigher for longer - not the oil price but tight oil. We have raised our long term estimates, now expecting volumes to rise from 4 million b/d currently to 10 million b/d by 2025 - 1.4 million b/d higher at peak than before. Why have we increased our tight oil forecasts? And we know that geologically tight oil plays vary from well to well and zone to zone. One thing in their favour is many tight oil operators face rising costs and need capital to grow.

Source: Forbes June 19, 2017 15:22 UTC