Forecasts of rising U.S. production by the International Energy Agency, if they are not met, could lead to higher prices, the head of the Organization of the Petroleum Exporting Countries said Wednesday.
The IEA predicted Monday that the U.S. will overtake Saudi Arabia as the world’s largest oil producer by 2020 as a result of a shale output boom. "If the [IEA] estimates for U.S. production …
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