Marginal oil gaining market share, setting higher floor price

Gillian Carr
10 Jan 2012

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With conventional oil production in decline outside of the Organization of Petroleum Exporting Countries (Opec) and often subject to significant political risks within Opec, supply from unconventional – or marginal – barrels is set to become a far greater component of the global energy supply mix in the future.

Currently unconventional oil is only 3% of global supply, but production is expected to double by 2020 when it will constitute about 6.5% of total supply and then 10% of total supply by

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