Halliburton Company (HAL)

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U.S. oil output 'party' to last to 2020: IEA

LONDON (Reuters) - The United States will remain the world's top source of oil supply growth up to 2020, even after the recent collapse in prices, the International Energy Agency said, defying expectations of a more dramatic slowdown in shale growth.

Total U.S. supply increases by 2.2 million bpd to 14 million bpd in 2020, with most of the expansion due to LTO.

"The price correction will cause the North American supply 'party' to mark a pause; it will not bring it to an end," said the IEA, which advises industrialized countries on energy policy.