Top

Shale oil boom to hurt OPEC well into 2018

June 14, 2017

Via: CNN
Category:

The U.S. oil boom will keep piling on the pain for OPEC well into next year.

In its first forecast for 2018, the International Energy Agency said Wednesday it expected countries outside the cartel to increase production by about 1.5 million barrels per day, outstripping the growth in global demand.

The U.S. alone will account for about half that increase in supply, the IEA said.

Read More on CNN