American drillers’ output could pass Saudi, rival Russia by ’19

A U.S. Department of Energy forecast indicates American drillers will pump enough oil in 2019 to potentially surpass Saudi Arabia's output and rival Russia, the world's current top producer.

"Led by U.S. production, particularly in the Permian Basin, and new oil sands projects in Canada, non-OPEC production is forecast to continue growing through the end of 2019," EIA acting Administrator John Conti said in a statement. More...

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