Foreign Policy | Game Change: US Oil Revolution Has Torn Up the Rule Book Foreign Policy In its annual five-year oil market outlook, the IEA, which is OCED's energy agency, said that the rise of the United States as a heavyweight crude producer, OPEC's abdication of its historical role as the arbiter of world oil supply, and sluggish oil ... Global agency sees oil price recovery but no return to highs UPDATE 10-Oil drops sharply as IEA expects inventories to rise Oil strikes |