Tight Oil Market Is Expected to Rise at a Remarkable CAGR by 2024
Tight oil, popularly known as shale oil, has been providing stiff competition to crude oil and natural gas of late. This has roiled the global oil markets, with OPEC countries exponentially upping production of crude to address the challenge. This has resulted in a steep drop in global crude oil prices. As per the U.S. Energy Information Administration (EIA), the tight oil production is likely to more than double from 2015 to 2040 to reach a value of 10.36 mn...
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