Thursday, October 25, 2012

Guess who'll be world's top oil producer?

World's top 20 oil producers revealed

A US oil boom is set to push America past Saudi Arabia to become the world's top producer, the Daily Mail reported on October 25. Driven by high prices and new drilling methods, the US production of crude oil is on track for the biggest single-year gain for more than 60 years, the report said.

This list reveals the total oil produced in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors, according to US Central Intelligence Agency's website 

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