U.S. To Set New Oil Production Record – 16 January, 2018

U.S. oil output is about to break a record set in 1970 producing over 10 million barrels per day that is expected to happen in the next few days, and is expected to reach over 11 million barrels per day in 2019. This new record could rival that of the world’s top oil producer, Russia. This cuts the nations oil imports and allow the U.S. to compete for exports against the Middle East for buyers in Asia.