IEA Energy Outlook 2013: Light tight oil does not diminish the importance of Middle East supply

London - Technology and high prices are opening up new oil resources, but this does not mean the world is on the verge of an era of oil abundance, according to the International Energy Agency

Although rising oil output from North America and Brazil reduces the role of OPEC countries in quenching the world

Source: IWR Online, 13 Nov 2013