Monday , July 26 2021

US to overtake Russia and Saudi Arabia in oil production this year – Letter & # 39; 97 :: News from Belarus – Belarus News – Belarusian News – Belarus



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US participation in the overall growth of supply from non-OPEC countries will be 81%.

The United States, which has already become the largest producer of liquid hydrocarbons (oil plus condensate) due to the shale revolution, may this year become the leading oil producer, beating Russia and Saudi Arabia, the International Energy Agency Energy (EIA). finanz.ru.

"The extraction of the largest producer of liquid hydrocarbons will again be the focus of attention this year. And while the other two leaders voluntarily reduce production, the United States can consolidate its lead in crude oil production. By mid-year, oil production in the United States is likely to exceed production capacity, whether Russia or Saudi Arabia, "the report says.

According to the IEA, in 2018, growth in the production of liquid hydrocarbons in the United States was "incredible and unexpected" and reached 2.1 million barrels per day. By 2019, US output growth could reach 1.3 million barrels per day, while Russia and Saudi Arabia will cut production.

At the same time, US participation in the overall growth of supply from non-OPEC countries will be 81%.


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