U.S. Crude Oil Production Hits Record High, Surpassing Saudi Arabia

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24/05/2018 12:48 WIB

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Monthly Crude Oil Production Period 1994 - January 2018

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U.S. Crude Oil Production Hits Record High, Surpassing Saudi Arabia

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Monthly Crude Oil Production Period 1994 - January 2018

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In 2017, the United States remained the world's largest producer of oil and natural gas. Monthly oil production in November 2017 reached a record high of 16.7 million barrels per day. The United States has been the world's largest hydrocarbon producer since 2009, when US natural gas production surpassed Russia's, and the world's largest oil producer since 2013, when US production exceeded Saudi Arabia's.

Since 2008, US oil and natural gas production has increased by almost 60 percent. Furthermore, Energy Information Administration (EIA) statistics also show that the total oil and natural gas production of the United States and Russia is nearly evenly split, while Saudi Arabia's production is more heavily dominated by oil.

Production figures released by the EIA on May 21 also indicate that US oil production comprises several types of liquid fuels, including crude oil and condensate, extra-heavy oil, and bitumen. Other products include natural gas plant liquids (NGPL), biofuels, and other liquid fuels resulting from refinery processing.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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U.S. Crude Oil Production Hits Record High, Surpassing Saudi Arabia

U.S. Crude Oil Production Hits Record High, Surpassing Saudi Arabia

U.S. Crude Oil Production Hits Record High, Surpassing Saudi Arabia

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U.S. Crude Oil Production Hits Record High, Surpassing Saudi Arabia

U.S. Crude Oil Production Hits Record High, Surpassing Saudi Arabia

U.S. Crude Oil Production Hits Record High, Surpassing Saudi Arabia

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