In a new report, Citi Research analyst Ryan Todd looked at the outlook for non-OPEC crude oil producers. Citi believes that higher oil prices are on the way in the long-term and that U.S. producers could be seeing a big pick-up in demand by 2020.

Production Collapse Not Coming

Despite major capital cuts, Citi analysts forecast resilient non-OPEC production through 2017. According to the report, Citi estimates 150-200 Mb/d of non-OPEC production growth between 2015 and 2017.

U.S. The New Swing Producer

Analysts see an increase in…

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