International Energy Agency Articles

Headline

North America Could Displace OPEC as Largest Oil Producer in Five Years

May 20, 2013

North America Could Displace OPEC as Largest Oil Producer in Five Years

The development of U.S. shale resources will create a surge in North American oil production, making North America a larger contributor of new oil supplies than the Organization of Petroleum Exporting Countries (OPEC) by 2018, according to the International Energy Agency.