Rystad: US Shale Production To Peak At 14.5 Million Bpd

US shale supply will peak at approximately 14.5 million barrels per day (bpd) around 2030, according to Rystad Energy. In the past decade, crude oil coming from shale patches such as the Permian in the US has grown from a negligible contributor to an upstream behemoth, reshaping the industry and the oil market. US Light Tight Oil (LTO) represented less than 1% of global oil supply just nine years ago. Today, US LTO represents close to 10% of total global oil supply, a percentage which is expected to continue its ascent going forward. But by how…