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.