S&P Global Platts: Energy Supply Will Catch Up With Demand In 2022

Oil and gas supply will grow faster in 2022 than it did in 2021 to the point of catching up and even surpassing energy demand growth, S&P Global Platts Analytics said on Monday in its newly-released 2022 Energy Outlook. While rebounding demand for oil and gas was the key theme this year, next year, the key theme in energy markets will be the rebound in supply, S&P Global Platts analysts said.

Thanks to rising exports of liquefied natural gas (LNG), higher oil and gas production from the U.S. shale patch, and the return of investment in…