us rise points to extended restraint, Iea says

摘要

Robust non-Opec production growth in the next few years suggests “some form of market management might stay in place” beyond 2019, the IEA says. The agency in its Oil 2019 report expects the US to lead global supply growth in the period to 2024, driven by “the remarkable strength of its shale industry”. The US will account for 70pc of the rise in production capacity to 2024, adding 4mn b/d. “Before the end of our forecast, it will export more oil than Russia and close in on Saudi Arabia as the world’s largest exporter - a pivotal milestone that will bring greater diversity of supply to global markets,” IEA executive director Fatih Birol says. The IEA foresees the US becoming a net oil exporter in 2021, with its gross exports reaching 9mn b/d “towards the end” of the forecast period.