US to overtake Russia as top oil producer
February 27th, 2018
According to International Energy Agency, U.S. will overtake Russia as the world’s biggest oil producer by 2019 at the latest. U.S. crude oil output rose above 10 million barrels per day late last year for the first time since 1970s, overtaking top oil exporter Saudi Arabia. US oil is also increasingly being exported, including to the world’s biggest and fastest growing markets in Asia.