Us largest oil producer in the world
The U.S. will overtake Russia to become the world’s largest oil producer by 2023, accounting for most of the global growth in petroleum supplies, according to the International Energy Agency. DES MOINES, Iowa -- The U.S. is now the largest oil and natural gas producer in the world. On Tuesday, the Energy Information Administration announced that U.S. petroleum and natural gas production increased by 16% and by 12%, respectively, in 2018, and these totals combined established a new production record. WASHINGTON, D.C. –The Energy Information Administration (EIA) estimated in their latest Short-Term Energy Outlook that the United States is now the largest global crude oil producer, likely surpassing Russia and Saudi Arabia. In February, U.S. crude oil production exceeded that of Saudi Arabia for the first time in more than two decades.