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World Energy Outlook

12 November 2013, El Pais

Countries from the Middle East, led by Saudi Arabia, will maintain their monopoly in the oil market despite the rise of the United States and increased production from Brazil, said today the IEA. The United States are experiencing an energy revolution by exploiting unconventional sources such as shale gas and light tight oil, but this dominance "will last only a decade" according to the IEA, as resources are scarce.

12 November 2013, Financial Times

The shale gas boom will boost US manufacturing and jobs until at least 2035, the world’s most respected energy body predicted yesterday, reinforcing America’s economic edge over Asia and Europe for the next two decades. The International Energy Agency said that shale would continue to fuel the American economy even after the US starts ramping up exports, despite fears that selling the cheap gas to overseas customers would erode the country’s competitive advantage.

12 November 2013, New York Times

The boom in oil from shale formations in recent years has generated a lot of discussion that the United States could eventually return to energy self-sufficiency, but according to a report released Tuesday by the International Energy Agency, production of such oil in the United States and worldwide will provide only a temporary respite from reliance on the Middle East.

12 November 2013, Straits Times

The International Energy Agency (IEA) says China and India are becoming the world's main drivers of energy demand, as the United States continues to boost its domestic production of oil and gas.

12 November 2013, NDTV

China and India are increasingly driving world energy demand as the United States' production boom puts it on track to become independent of the global market, the International Energy Agency said on Tuesday. China is close to becoming the world's largest oil importer, while India will turn into the leading importer of coal in the next decade to lead the Asian surge, the Paris-based IEA said in its 2013 World Energy Outlook.

12 November 2013, The Economic Times

India is set to become the biggest driver of global oil demand by year 2020," claimed International Energy Agency's chief economist Dr Fatih Birol while speaking to ET on Tuesday. "Year 2020 is like tomorrow, from oil industry's point of view," he said, underlining the urgency in his message on the sidelines of the publication of IEA's World Energy Outlook 2013.

12 November 2013, New York Times

“The foundations of the global energy systems are shifting,” Fatih Birol, chief economist at the Paris-based organization, which produces the annual World Energy Outlook, said in an interview before the release. The agency, which advises industrialized nations on energy issues, had previously predicted that Saudi Arabia would be the leading producer until 2035.

12 November 2013, Energy Global

According to the IEA’s new World Energy Outlook (WEO) technology and high prices are opening up new resources, but this does not mean the world is on the verge of an era of oil abundance. Rising oil output from North America and Brazil will reduce the role of OPEC countries in helping quench global oil thirst over the next decade, however, the Middle East will continue to be a key source of oil supply growth from the mid 2020s.

12 November 2013, Wall Street Journal

Brazil's recently discovered offshore oil fields will triple the country's current crude oil output to six million barrels per day by 2035, making Latin America's largest country a leading producer and exporter, the International Energy Agency said Tuesday.

12 November 2013, Financial Times

The International Energy Agency has sounded the alarm about a potential oil supply crunch and higher prices as key Gulf producers delay investment in the face of surging US shale output. In a strident warning against complacency in the oil market, the developed world’s energy body said key Gulf producers have been adopting a “wait and see approach” to investment, because of the perception that the US shale revolution would produce an “abundance of oil”.