energy sector

Business
3:47 pm
Tue May 14, 2013

Huge Boost In U.S. Oil Output Set To Transform Global Market

IEA chief Maria van der Hoeven, seen in a 2011 photo, said that North American production has set off a "supply shock that is sending ripples throughout the world."
AFP AFP/Getty Images

Originally published on Tue May 14, 2013 4:48 pm

U.S. oil production is rising sharply and increased output from shale will be a "game changer" in global energy markets in the coming years, according to a new report out Tuesday by the International Energy Agency.

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