CNBC | The United States will dominate the oil industry for the next 5 years, International Energy Agency forecasts CNBC Beyond that, however, the IEA warned that oil supply could become tight unless investment in new production rebounds from historic declines in recent years. "Upstream investment shows little sign of recovering from its plunge in 2015-2016, which raises ... IEA warns of oil supply crunch after 2020 Oil prices capped at $65 as US shale output gathers pace IEA sees jump in US oil output in next five years |