IEA: US Shale Revolution Changed Global Energy Market

OilPrice.com | Sep 13, 2019 at 1:00 PM
  • Rising U.S. shale oil and gas production has turned the United States into the world’s largest oil and gas producer, which in turn has changed the entire energy landscape both in America and abroad, the International Energy Agency (IEA) said on Friday.
  • U.S. crude oil exports have soared since the ban was lifted at the end of 2015, to reach 3.159 million bpd on average in June 2019.
  • The Paris-based agency sees U.S. shale increasingly dominating the oil market over the next half-decade at least.