US LTO production to grow in 2015, even under low oil prices

US LTO production to grow in 2015, even under low oil prices

US LTO production to grow in 2015, even under low oil prices

Despite the decline in oil prices, we believe that annual average US LTO production will still grow 0.8-1.0 MMbbl/d in 2015 down from 1.5 mmb/d-growth projection at $100/bbl.

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