US Now Highest Producers Of Crude Oil
crude oil

The US is now the highest producer of crude oil in the world, relegation Saudi Arabia and the European nation, Russia to the back.

Data released by the Energy Information Administration (EIA) revealed that in November, the U.S. crude production hit a whopping 11.6 million bpd.

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The figure is said to be a threefold hike that the US low reached ten years ago as well as a 22.2 percent increase this year.

In addition, the data indicated that Russia produces an average of 10.8million bpd and Saudi Arabia, about 10.5million bpd.

According to the EIA, the US is likelier to producer more oil as is expected to 12 million bpd by mid-2019 due to a rise in shale oil production.