Highlights Goldman lowers 1 million b/d 2020 forecast to 700,000 b/d US November shale output to grow by 1.14 million b/d on the year: EIA Permian to account for 116% of all non-OPEC oil growth in 2022 Washington — Permian oil will account for an increasingly larger percentage of non-OPEC supply growth through 2022, even while US shale oil growth appears to be decelerating, Goldman Sachs said in a report this week. “Shale growth is slowing,” the report states. Overall US oil growth, after rising 1.7 million b/d in 2018, will grow by 1.1 million b/d this year and by 700,000 b/d in 2020, according to Goldman Sachs’ forecast. The 2020 growth forecast is down 300,000 b/d from the investment bank’s previous 1 million b/d growth estimate. The expected drop would be due to lower shale activity and a possible uptick in the decline rates in oil fields, Goldman […]