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U.S. oil production sets new records, prices decline

By World Tribune on November 9, 2018 Americas, Exclusives, Rest of The Best, Stateside, Top Stories, World Links, World Tribune

by WorldTribune Staff, November 9, 2018 U.S. crude oil production hit a record 11.6 million barrels day as domestic prices sunk to their lowest levels since March, the U.S. Energy Department said on Nov. 7. U.S. oil prices fell to $62 a barrel on Nov. 7. The last time the U.S. oil benchmark settled below […]

U.S. emerges as world’s top crude oil producer

By World Tribune on September 13, 2018 Africa / Europe, Exclusives, Mideast, Rest of The Best, Russia, Saudi Arabia, Top Stories, U.S. Economy, World Links, World Tribune

by WorldTribune Staff, September 13, 2018 The United States earlier this year passed Russia and Saudi Arabia to become the world’s largest producer of crude oil, according to the U.S. Energy Information Administration. Based on preliminary estimates in the EIA’s Short-Term Energy Outlook, U.S. crude oil production in February exceeded that of Saudi Arabia for the […]