IEA Sees 20-Year Supply Peak Outpacing Demand Recovery in 2014

IEA Sees 20-Year Supply Peak Outpacing Demand Recovery in 2014

Daniel Acker/Bloomberg

Production outside OPEC will expand by 1.3 million barrels a day to 55.9 million a day in 2014, with almost 1 million barrels of the increase coming from North America, according to the report.