The boom in US oil output that has sent prices tumbling and put America on course to self-sufficiency by the 2030s will slow sharply in coming years, leading to record demand for crude from Opec producers, according to BP . In its annual long-term energy outlook , BP forecasts rapid growth of so-called “tight” oil supplies, or shale, particularly in the US, until the end of the decade. More On this topic IN Global Economy However, the pace of output growth, which has contributed to a near 50 per cent fall in oil prices since last summer, will then slow, paving the way for a recovery in the global market share of Middle Eastern producers. The US is likely to become self-sufficient in oil by the 2030s, having imported about 60 per cent of its total demand as recently as 2005, BP says. North America is […]