Shale Oil To Boost World’s Crude Supply By 12% In 2035

Global shale oil production will raise world’s oil supply by 12 per cent in 2035, to 14 million barrels per day.The increase, according to a report by PwC, could reduced oil prices in 2035 to between 25 per cent and 40 per cent (between $83 and $100 barrel) in real terms.The report said potential emergence of shale oil presents “major strategic opportunities and challenges for the oil and gas