There’s No End in Sight for America’s Disruption of the Oil Market

OPEC usually sets the tone for the oil market as the group of oil-producing nations coordinate their oil policies to drive prices in their desired direction. However, America has upended the global oil market in recent years thanks to record-smashing production growth from the U.S. oil industry. That trend isn’t expected to end anytime soon, according to the latest five-year forecast from the International Energy Agency (IEA), which predicts America will become a dominant force in the oil market.

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