IEA: US Shale Squeezes Saudi Oil Imports, Boost Gasoline Exports

Posted September 12, 2014 at 5:10am

Rigzone reports that “North America’s shale oil boom has started to squeeze Saudi Arabian oil out of the U.S. market in the same way it did with West African crude, the West’s energy agency said on Thursday.”  

“The International Energy Agency also predicted a flood of U.S. gasoline exports to world market.”