OPEC Role Steady Amid Rapid Change In IEA Outlook
By David Knott
The global energy map is changing rapidly, with potentially far-reaching consequences for energy markets and trade, according to the International Energy Agency (IEA). At the heart of the IEA’s World Energy Outlook 2012 (WEO 2012), launched in London on 12 November, is the resurgence in oil and gas production in the US. The agency predicts that by around 2020 the US will become the...