The quick progress of the ‘shale revolution’ in the US is set to reshape the world energy market by 2018, when OPEC becomes less influential and developing countries drive global demand.
The US shale oil will meet most of the demand from across the world in the next five years, even if it goes into ‘recovery motion’. The developing economies outside OECD, such as BRICS countries and Saudi Arabia, that’ll be driving increased demand. Continue reading “US shale oil boom will make OPEC voice smaller in energy market- IEA”

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