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Liquids supply highlights technology gains

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Liquids supply highlights technology gains

  • Global liquids production rises by 20 percent to meet demand growth
  • Technology innovations lead to growth in natural gas liquids, tight oil, deepwater, oil sands and biofuels
  • Technology enables efficient production from conventional sources, which still account for more than 50 percent of production in 2040
  • Most growth over the Outlook period is seen in tight oil and natural gas liquids, which reach nearly 30 percent of global liquids supply by 2040
  • Continued investment is needed to mitigate decline and meet growing demand
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