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US Soon to Leapfrog Saudis, Russia as Top Oil Producer

Some experts expect the U.S. to become the world's biggest oil producer next year. Some experts expect the U.S. to become the world's biggest oil producer next year. |  Photo: WDIO/MGN

The Associated Press
Created: July 11, 2018 03:56 PM

The U.S. is on pace to leapfrog both Saudi Arabia and Russia to become the world's biggest oil producer.

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The latest data released by the Energy Information Administration shows U.S. output growing again next year to 11.8 million barrels a day.

Linda Capuano, who heads the agency, says that would make the U.S. the world's No. 1 producer.

The director of the International Energy Agency, a group of oil-consuming countries, made a similar prediction in February.

Russia and Saudi Arabia pumped more crude than the U.S. last year.

Production is booming in U.S. shale fields because of newer techniques such as fracking and horizontal drilling.

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The Associated Press

Copyright 2018 The Associated Press. All rights reserved.

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