by WorldTribune Staff, January 28, 2019 Driven by a continued shale boom, the United States is on track to produce more crude oil and liquids than Russia and Saudi Arabia combined by 2025, an energy consultancy said. In 2018, the U.S. passed Russia and OPEC-leader Saudi Arabia to become the largest crude oil producer. America’s […]
CELEBRATING 20 YEARS OF EXCELLENCE: Countdown: Top stories of 2018 by WorldTribune Staff, December 24, 2018 What is believed to be the largest oil and natural gas reserve ever assessed in the United States has been discovered in Texas and New Mexico, according to the U.S. Geological Survey (USGS). The Wolfcamp Shale and overlying Bone […]
by WorldTribune Staff, November 13, 2018 House Democrats are expected to take aim at the fracking industry that has been a major boon to the U.S. economy and despite its excellent safety record, a columnist noted. “Energy production on public lands in the American West is likely to come under increased scrutiny” when Democrats assume […]
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 […]
by WorldTribune Staff, July 22, 2018 Production of U.S. crude oil and natural gas liquids hit record levels last month, according to the American Petroleum Institute (API). API reported that June production of crude oil in the U.S. hit 10.7 million barrels per day. Production of natural gas liquids hit 4.2 million barrels per day. […]
by WorldTribune Staff, June 1, 2018 U.S. crude oil production hit 10.47 million barrels per day in March, the highest on record according to the Energy Information Administration (EIA). U.S. production had shattered a 47-year output record in November at 10.057 million barrels per day (bpd). The U.S. government forecasts production will hit 11 million […]
by WorldTribune Staff, March 29, 2018 A deal between Saudi Arabia and Russia that could extend the two nations’ control over crude oil supplies for the next two decades has OPEC’s blessing. Saudi Crown Prince Mohammed Bin Salman told Reuters earlier this week: “We are working to shift from a year-to-year agreement to a 10-20 […]
by WorldTribune Staff, February 20, 2018 In November 2017, U.S. crude oil production hit 10.038 million barrels per day, a level that had not been reached since 1970. “American crude oil is a gamechanger in international trade, global politics and domestic energy security,” Todd Staples, president of the Texas Oil & Gas Association, said in […]
by WorldTribune Staff, January 16, 2018 Spurred by a surge in shale oil, the United States is poised to break an output record that was set in 1970. U.S. oil production will soon top 10 million barrels per day and is expected to hit 11 million barrels per day by late 2019, a level that […]