You are here » Home » Video Gallery » US is set to steal oil market share from OPEC over next 5 years, says International Energy Agency

US is set to steal oil market share from OPEC over next 5 years, says International Energy Agency


US is set to steal oil market share from OPEC over next 5 years, says International Energy Agency

New Delhi, Mar 06 (ANI): The International Energy Agency says the U.S. will steal oil market share from OPEC producers and get closer to becoming self sufficient as a result of scaled up shale production.

Fred Katayama reports. The U.S.

is set to steal oil market share from OPEC over the next five years. The International Energy Agency says the surge in U.S.

shale oil production will help what was once the world's top oil importer get closer to becoming self sufficient. What's more, the agency says that by 2023, the U.S.

will become by far the world's top producer of oil liquids.

MORE VIDEOS