Liam Denning, Columnist

OPEC Thinks This Whole 'Shale' Thing Might Be a Thing

The oil cartel may be starting to grasp the threat of U.S. production.

November 7, 2017 at 6:42 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

OPEC's annual World Oil Outlook is known internally as the "WOO".

That perhaps overstates the surprise factor in the oil-exporter club's long-term forecasts. Demand for OPEC's favorite product is projected to reach 111.1 million barrels a day by 2040 -- or about the same as OPEC has projected for several years: