New data released in late August by the U.S. Energy Information Administration (EIA) shows the United States, already the world’s leading producer of natural gas, is also now the world’s leading producer of petroleum, passing Saudi Arabia.
Petroleum production jumped 16 percent in 2018, while natural gas production increased by 12 percent. “Last year’s increase in the United States was one of the largest absolute petroleum and natural gas production increases from a single country in history,” the EIA report notes. In 2018, EIA data show U.S. crude oil production grew 18 percent, to a record 10.96 million barrels per day, passing the previous record set in 1970.
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