IEA Sees OPEC Market-Share Growth in 2020 as Rivals StagnateBy
Spending cuts will eventually halt non-OPEC oil output growth
OPEC to account for 44% of global supply by 2025, agency says
OPEC’s share of the global oil market will expand from 2020 as prices recover to $80 and supply outside the group stagnates following spending cuts, according to the International Energy Agency.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.