by WorldTribune Staff, January 28, 2019 Driven by a continued shale boom, the United States is on track to produce more crude oil and liquids than Russia and Saudi Arabia combined by 2025, an energy consultancy said. In 2018, the U.S. passed Russia and OPEC-leader Saudi Arabia to become the largest crude oil producer. America’s […]
by WorldTribune Staff, November 9, 2018 U.S. crude oil production hit a record 11.6 million barrels day as domestic prices sunk to their lowest levels since March, the U.S. Energy Department said on Nov. 7. U.S. oil prices fell to $62 a barrel on Nov. 7. The last time the U.S. oil benchmark settled below […]
by WorldTribune Staff, September 13, 2018 The United States earlier this year passed Russia and Saudi Arabia to become the world’s largest producer of crude oil, according to the U.S. Energy Information Administration. Based on preliminary estimates in the EIA’s Short-Term Energy Outlook, U.S. crude oil production in February exceeded that of Saudi Arabia for the […]
by WorldTribune Staff, June 1, 2018 U.S. crude oil production hit 10.47 million barrels per day in March, the highest on record according to the Energy Information Administration (EIA). U.S. production had shattered a 47-year output record in November at 10.057 million barrels per day (bpd). The U.S. government forecasts production will hit 11 million […]
