World tight oil production to more than double from 2015 to 2040

World tight oil production is expected to more than double between 2015 and 2040, increasing from 4.98 million barrels per day (b/d) in 2015 to 10.36 million b/d in 2040, according to the U.S. Energy Information Administration's "International Energy Outlook 2016" (IEO2016) and "Annual Energy Outlook 2016" (AEO2016). Most of the projected increase will come from the United States, with much of the rest coming from countries such as Russia, Canada, and Argentina that have significant tight oil resources and existing, developed oil industries. More »