OPEC's World Oil Outlook for 2019 found that output will fall over the next five years, while America's shale oil production will overtake that of the group.supply has fallen in the last few years due to a pact with Russia, boosting oil prices.
Comparatively, non-OPEC production led by US shale is expected to increase to 72.2 million barrels a day in 2024 compared to the 64.4 million barrels it produced in 2019. In the report, OPEC said that 60% of the production growth is expected to come from the US, predominately from Alaska and the Gulf of Mexico.
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