Production outside OPEC will expand by 1.3 million barrels a day to 55.9 million a day in 2014, with almost 1 million barrels of the increase coming from North America, according to the report. Growth in Brazil, Kazakhstan and South Sudan will also help offset declines in other non-OPEC regions.
Moreover, dependence on OPEC is dwindling as new drilling techniques enable the U.S. and Canada to unlock reserves from rock formations deep underground.