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U.S. Oil Output Expected to Surpass Saudi Arabia, Rivaling Russia for Top Spot

Boosted by shale industry, rising U.S. production could undermine OPEC’s efforts to shore up oil prices

U.S. oil production is expected this year to surpass Saudi Arabia’s output, upending a global pecking order that has been a basis for U.S.-Middle Eastern policy for decades.

Crude output in the U.S. will likely climb above 10 million barrels a day in 2018, which would top the high set in 1970, the International Energy Agency said Friday.

More at:
https://www.wsj.com/articles/u-s-crude-production-expected-t...
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