{"id":1784,"date":"2017-11-17T19:39:38","date_gmt":"2017-11-17T20:39:38","guid":{"rendered":"http:\/\/madaresharghi.com\/iea-us-to-see-most-crude-output-growth-in-10-years\/"},"modified":"2017-11-17T19:39:38","modified_gmt":"2017-11-17T20:39:38","slug":"iea-us-to-see-most-crude-output-growth-in-10-years","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/iea-us-to-see-most-crude-output-growth-in-10-years\/","title":{"rendered":"IEA: US to See Most Crude Output Growth in 10 Years"},"content":{"rendered":"<p><a href=\"http:\/\/madaresharghi..com\">madaresharghi<\/a><br \/>\n<\/p>\n<p> \tThe United States is expected to account for more than 80% of global oil production growth in the next 10 years and it will produce 30% more gas than Russia by that time, the International Energy Agency said on Thursday.<br \/> \t\u201cThis has implications on the oil markets, prices, trade flows, investment trends and the geopolitics of energy,\u201d IEA head, Fatih Birol, said at a UN climate conference in Bonn, Reuters reported.<br \/> \tHe said the United States, whose upstream energy industry has seen a resurgence with the development of fracking technology, would become the \u201cundisputed leader of oil and gas production worldwide\u201d.<br \/> \tOn the broader market, he said the IEA expected oil markets to rebalance in 2018 if oil demand remained \u201cmore or less\u201d as robust as it was now and if the Organization of Petroleum Exporting Countries and its allies extended output cuts.<br \/> \tOPEC and other producers are expected to extend production cuts beyond a March deadline to cut oversupply.<br \/> \tThe Paris-based IEA cut its oil demand forecast in its latest monthly report by 100,000 barrels per day for this year and next, to an estimated 1.5 million bpd and 1.3 million bpd respectively.<br \/> \tIt also said oil inventories in the developed world fell by 40 million barrels in September, dropping below 3 billion barrels for the first time in two years.<br \/> \tAccording to OPEC\u2019s own numbers, inventories were 154 million barrels above the five-year average in September. OPEC states have said they want to reduce stocks to their five-year average.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>madaresharghi The United States is expected to account for more than 80% of global oil production growth in the next 10 years and it will produce 30% more gas than Russia by that time, the International Energy Agency said on Thursday. \u201cThis has implications on the oil markets, prices, trade flows, investment trends and the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[296,118,28,31,159,639,178,56,213,84,95,82,68,22,23,27],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IEA: US to See Most Crude Output Growth in 10 Years - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/iea-us-to-see-most-crude-output-growth-in-10-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IEA: US to See Most Crude Output Growth in 10 Years - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi The United States is expected to account for more than 80% of global oil production growth in the next 10 years and it will produce 30% more gas than Russia by that time, the International Energy Agency said on Thursday. \u201cThis has implications on the oil markets, prices, trade flows, investment trends and the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/madaresharghi.ir\/en\/iea-us-to-see-most-crude-output-growth-in-10-years\/\" \/>\n<meta property=\"og:site_name\" content=\"madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-17T20:39:38+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\",\"url\":\"https:\/\/madaresharghi.ir\/en\/\",\"name\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"description\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/madaresharghi.ir\/en\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/iea-us-to-see-most-crude-output-growth-in-10-years\/#webpage\",\"url\":\"https:\/\/madaresharghi.ir\/en\/iea-us-to-see-most-crude-output-growth-in-10-years\/\",\"name\":\"IEA: US to See Most Crude Output Growth in 10 Years - 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