Growth in U.S. oil production may have started to slow, but the Organization of the Petroleum Exporting Countries (OPEC) is sorely mistaken if it thinks it will soon be out of the supply-cut game.
While U.S. shale has been overwhelmingly responsible for the rapid growth in non-OPEC supply over the past five years, other producers outside the cartel, mainly Brazil, Norway, Guyana and even Canada, are now poised to add substantial incremental barrels in 2020 and beyond.
