Energy Industry Analysis and Market Trends

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 barrels per day in 2040 from 4.98 mn barrels per day in 2015. Read Report Overview @ https://www.transparencymarketresearch.com/tight-oil-market.html To study the global market for tight oil, a report by Transparency Market Research segments it on the basis of applications, technology, location of tight oil reserves, and the tight oil producing countries. Tight oil is extracted by the hydraulic fracturing of sedimentary rocks. The process entails mixing liquid, usually water, with chemicals and sand which is t...