International oil markets
Executive Summary
- Oil production, particularly from tight oil plays, rises over the next decade, leading to a reduction in net import dependence....Read full section
- The United States becomes a net exporter of natural gas....Read full section
- Natural gas consumption grows in industrial and electric power sectors as domestic production also serves an expanding export market....Read full section
Market Trends
- Range of oil price cases represents uncertainty in world oil markets...Read full section
- Trends in petroleum and other liquids markets are defined largely by the developing nations...Read full section
- Production of liquid fuels from biomass, coal, and natural gas increases...Read full section
- With production outpacing consumption, U.S. exports of natural gas exceed imports...Read full section
- Pipeline exports increases as Canadian imports fall and exports to Mexico rise...Read full section
- Domestic production of tight oil leads to lower imports of light sweet crude oil...Read full section
- Increasing U.S. supply results in decreasing net imports of petroleum and other liquids...Read full section
Issues in Focus
- Oil price and production trends in AEO2013....Read full section
- U.S. reliance on imported liquid fuels in alternative scenarios....Read full section
- Effect of natural gas liquids growth....Read full section