Financial Times: "US poised to become world's leading liquid petroleum producer" via ForexLive

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From the Financial Times: “US poised to become world's leading liquid petroleum producer”

(FT is gated)

In brief;

  • The US is overtaking Saudi Arabia to become the world's largest producer of liquid petroleum
  • US … output is set to exceed Saudi Arabia's this month or next for the first time since 1991
  • US crude oil production in August was still lower than either Saudi Arabia's, at about 9.7m b/d, or Russia's at 10.1m b/d. The overall US leadership in petroleum is accounted for by its higher production of natural gas liquids such as ethane and propane

posted via ForexLive

Posted In: ForexGlobalEconomics
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