US leads world in oil and gas production, IEA says

US leads world in oil and gas production, IEA says
 

International energy markets are set for "major upheaval" as the US cements its status as the world's largest oil and gas producer, while China overtakes it as the biggest oil consumer.
The predictions come from the International Energy Agency's annual energy forecast.
It believes that global energy demand will rise 30% by 2040, driven by higher consumption in India.
At the same time, the renewable energy sources will become more important.
The IEA, which tracks the energy for 29 countries, said the US - once reliant on imports - is becoming the "undisputed global oil and gas... read more

 
14 November 2017 in Business, Views: 45
Source: BBC
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