Energy producers are working to power a fast-moving world. CME Group helps them navigate the risks of volatile oil and natural gas markets. Developing nations are demanding ready access to the energy sources they need to sustain their new levels of economic vitality, challenging what current global resources can realistically deliver.
As U.S. oil reserves continue to rise, supplies in a select number of states are pushing them to the forefront of domestic production.
U.S. oil reserves surpassed 36 billion barrels in 2013 for the first time since 1975.
The energy-hungry middle class is rapidly growing around the world, driving a nearly 70 percent increase in demand in emerging markets.
North American natural gas production is expected to triple by 2040, making the area the largest gas-producing region in the world.
In addition to steadily climbing consumption, developing nations continue to account for more and more of the world’s energy production. Meanwhile, in North America, a boom in domestic crude oil production moved the region past Saudi Arabia in 2014, while new extraction technologies have North America on the cusp of taking the lead in global gas production.
By 2040, the developing world will account for 65 percent of the world’s energy consumption.
Two-thirds of energy-supply investment takes place in emerging economies.
Energy production and consumption totals are critical to understanding market behavior in developed and developing economies.
In China, for instance, projections have oil production and consumption both trending upward. However, the pace of consumption is expected to far surpass production, to the tune of more than 9,000 barrels a day by 2019.
To power the energy markets of tomorrow, producers must not only be aware of the risks ahead, but also face them head-on. CME Group plays a central role in helping market participants around the world balance the ongoing dynamics of supply and demand as they face these dramatic and broad-reaching changes.