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Market MovementOPEC's market share shrinksNot since the mid-1980s has OPEC's crude oil market share been below 32%. But full compliance with the organization's Jan. 1 output targets plus Iraqi production of 2 million b/d, says IEA, will again put OPEC's share of the crude oil market below that level (see related story, p. 84). Click here to enlarge imageGrowth in non-OPEC production will further erode that share. IEA predicts that production from countries outside OPEC will increase 810,000 b/d this year, while demand is projected to increase only 600,000 b/d.Compliance would also mean that the US is poised to again become the world's largest producer of crude oil and...

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