• According to the EIA, U.S. Shale losses will accelerate next year with a drop of 390,000 barrels a day in annual average production to 8.86 million barrels a day.
  • OPEC’s fortunes will improve as the U.S. declines, with the IEA predicting demand for the group’s crude climbing to 31.1 million barrels a day next year from 29.3 million in 2014.

OPEC Loses (and Reclaims) Market Share from U.S. Shale

Sources: IEA, Bloomberg

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