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US oil expected to meet most of world’s growth in demand

March 5, 2018

Via: ABC News

A global energy watchdog says booming production in the United States will meet 80 percent global growth in demand for oil over the next five years.

The International Energy Agency believes slow growth from OPEC will be offset by oilfields in the U.S.

The group, based in Paris, issued its annual oil market report on Monday. The resurgence in U.S. production is the most prominent change since the group’s last forecast.

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