The International Energy Agency reports today the boom in North American shale oil will displace the Organization of Petroleum Exporting Countries (OPEC) in the next five years. “North America has set off a supply shock that is sending ripples throughout the world,” said IEA Executive Director Maria van der Hoeven in a statement. More from Bloomberg: North America will provide [...]
The International Energy Agency says China’s demand for natural gas will continue to grow, making it the third largest importer of gas behind Europe and Asia Oceania. Over the same period, the IEA says the U.S. will become a net exporter of liquefied natural gas. Among the findings are: A quarter of new gas demand will [...]
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