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EIA forecasts growing liquid fuels production in Brazil, Canada, and China through 2023

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The remaining key sources of forecast non-OPEC production growth come from Norway, Argentina, Kazakhstan, Oman, and Guyana. US refinery utilization averages 94% in 3Q22 in the forecast, as a result of high wholesale product margins.

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EIA ups total shale oil resource estimate by 13% to 419B barrels, shale gas by 4% to 7576 Tcf

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The addition of four countries—Chad, Kazakhstan, Oman, and the United Arab Emirates (UAE)—to a previous assessment covering 42 countries has resulted in a 13% increase in the global assessed total resource estimate for shale oil and a 4% increase for shale gas. Bcf/d from 2005 to 2014.