# IEA Sees ‘Explosive’ Growth in U.S. Oil Output as Prices Rally - Bloomberg

> The International Energy Agency said US oil output is set for explosive growth this year as prices rally. Goldman Sachs and OPEC have also warned of a looming production surge reminiscent of the early shale boom.

- Date: 2018-01-19 · published 2018-01-19T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/67147-iea-sees-explosive-growth-in-u-s-oil-output-as-prices-rally-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expected US supply growth would add crude and cap price rallies, which weighs on energy costs over time and reduces the energy-driven support for biofuel and feed input prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-10-11 | [OPEC hikes oil output in September as Iran's production falls](https://feedsoft.ai/events/62459-opec-hikes-oil-output-in-september-as-iran-s-production-falls.md) | -4.8% | -15.7% |
| WTI | 2025-03-03 | [OPEC Oil Output Rises to One-Year High, Driven by Gains in Iraq, Venezuela, UAE - Bloomberg](https://feedsoft.ai/events/25488-opec-oil-output-rises-to-one-year-high-driven-by-gains-in-iraq-venezuela-uae.md) | -3.9% | -0.4% |
| WTI | 2017-06-14 | [IEA: Oil supply growth to outpace rise in consumption in 2018](https://feedsoft.ai/events/70397-iea-oil-supply-growth-to-outpace-rise-in-consumption-in-2018.md) | -6.7% | -2.0% |
| WTI | 2022-11-14 | [OPEC Cuts Oil Demand Outlook as It Starts to Curb Production - Bloomberg](https://feedsoft.ai/events/38586-opec-cuts-oil-demand-outlook-as-it-starts-to-curb-production-bloomberg.md) | -10.1% | -18.0% |
| WTI | 2021-02-01 | [OPEC’s Planned Output Increase Tempered by Troubled Producers - Bloomberg](https://feedsoft.ai/events/48554-opec-s-planned-output-increase-tempered-by-troubled-producers-bloomberg.md) | +8.9% | +16.1% |
| BRENT | 2018-10-11 | [OPEC hikes oil output in September as Iran's production falls](https://feedsoft.ai/events/62459-opec-hikes-oil-output-in-september-as-iran-s-production-falls.md) | -4.2% | -14.8% |
| BRENT | 2025-03-03 | [OPEC Oil Output Rises to One-Year High, Driven by Gains in Iraq, Venezuela, UAE - Bloomberg](https://feedsoft.ai/events/25488-opec-oil-output-rises-to-one-year-high-driven-by-gains-in-iraq-venezuela-uae.md) | -3.4% | +0.3% |
| BRENT | 2017-06-14 | [IEA: Oil supply growth to outpace rise in consumption in 2018](https://feedsoft.ai/events/70397-iea-oil-supply-growth-to-outpace-rise-in-consumption-in-2018.md) | -5.9% | -1.5% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-01-19/iea-sees-explosive-growth-in-u-s-oil-output-as-prices-rally

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.