The United States is now the world’s biggest crude oil producer, pushing Russia and Saudi Arabia to the back seat.

In the week ending November, the U.S. crude production hit a whopping 11.6 million bpd, according to Energy Information Administration (EIA) data released on Wednesday.

That’s a threefold increase from the U.S. low reached a decade ago, and a 22.2 percent rise just this year. It makes the United States the world’s biggest producer of crude.

Russia pumps an average of 10.8million bpd and Saudi Arabia, about 10.5million bpd.

Reuters

Categories: News

Leave a Reply

Your email address will not be published. Required fields are marked *