US Shale Oil Will Dominate the Market in Coming Years, but the Tables Will Turn, OPEC says

CNBC | Tom DiChristopher

OPEC’s World Oil Outlook forecasts that U.S. shale oil will drive global production growth in the years to come.

The American shale drillers that have upended the energy industry will capture much of the growth in oil demand in the coming years, OPEC forecasts in a new report. But after years of booming U.S. production and flat output from OPEC, the tables will turn, the producer group says.

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