Oil Supply Seen Set to Grow Through 2030 with No Peak Evident

Cambridge, MA — November 30, 2009 — Global oil productive capacity will grow though 2030 with no evidence of a peak of supply before that time, according to a new report by IHS Cambridge Energy Research Associates based on analysis of more than 10,000 projects around the globe.

The report, "The Future of Global Oil Supply: Understanding the Building Blocks," extends IHS CERA's global oil outlook through 2030 and expects global oil productive capacity to grow to as much as 115 million barrels per day (mbd) through that period from the current level of 92 mbd — a 25 percent increase.