US oil production
US OIL PRODUCTION NEWS
Top 10 largest oil-producing and consuming countries 2024-25: India's global rank explained
September 04, 2025 6:11 am
Top 10 largest oil producing and consuming countries 2024-25 list: The world’s oil market is highly concentrated: the top 10 consuming nations account for 61 percent of demand, while the top 10 producers supply 73.8 per cent of global output.
US oil drops for third day on concerns COVID-19 variant spread to cut demand
August 04, 2021 1:15 pm
US West Texas Intermediate (WTI) crude fell 7 cents, or 0.1, to $70.49 a barrel, as of 0647 GMT.
US 'likely' has taken over as the world's top oil producer
September 13, 2018 7:47 am
US production jumped in recent years because of techniques including hydraulic fracturing, or "fracking,'' which is the use of chemicals, sand, water and high pressure to crack rock formations deep below ground, releasing more oil and natural gas.
US to overtake Russia as top oil producer by 2019: report
February 27, 2018 11:02 am
IEA Executive Director Fatih Birol said at an event in Tokyo the United States would overtake Russia as the biggest crude oil producer "definitely next year", if not this year.
Falling inflation a worry for euro zone, Japan and China
November 24, 2014 1:43 am
The ECB, with rates as low they can go, has been doing everything in its power short of printing money — an option staunchly opposed by Germany.
Obama announces steps to speed US oil production
May 15, 2011 12:42 am
Facing continued public unhappiness over gas prices,President Barack Obama is directing his administration to ramp up US oil production.
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