While global oil demand growth is set to ease, in particular as China slows down, it still increases an annual average of 1.2 mb/d to 2024, according to the report, Oil 2019. Still, the IEA continues to see no peak in oil demand, as petrochemicals and jet fuel remain the key drivers...
November 12, 2012-A shale-oil boom will thrust the US ahead of Saudi Arabia as the world's largest oil producer by 2020, a radical shift that could profoundly transform not just the world's energy supplies but also its geopolitics, the International Energy Agency said.B Faucon...
AP For many years, the concentration of the world's oil production has been in Saudi Arabia. With production at 11 million barrels per day, the country is America's second largest exporter after Canada. But the International Energy Agency says theas the world's largest producer by 2020....
The U.S. will pass Saudi Arabia and Russia to become the world's top oil producer by 2016, the West's energy agency said.
The heavily indebted Texas-based oil producer said it had agreed a restructuring plan with lenders that would see it eliminate $2.1 billion in debt after recent ructions in the oil market proved the final straw. “Recently our entire industry has been highly impacted by the global oil demand ...
Canada is the world’s fourth-largest oil producer. I would not call their production negligible as they are producing 4.8 million barrels per day. However, I would call any potential increase in Canadian oil production negligible. They first hit 3.8 million barrels per day 8 years ago. Regard...
Within the spirit sector, vodka maintained its as status the top revenue producer at $7.2 billion, though sales were flat in 2022, the group said. In the tequila/mezcal category, sales rose 17.2%, or $886 million, totaling $6 billion, it said. Sales for American whiskey were up 10.5%,...
“US exceptionalism” – a theme from ourQ4 24 Fullerton Investment Views. At 13.2% in Q2 2024, US all-company profitability is now tracking around the third highest ever. The two top peaks have been in this cycle, and the last 13% reading was back in Q4 195011. Such productivity-...
oil production The U.S. oil production totaled some 16.6 million barrels of oil per day, or a total annual oil production of 711 million metric tons. As the largest oil producer in the U.S., it is not surprising that Texas is home to the most productive U.S. oil basin, the Permian...
The U.S. was the world's leading producer of crude oil in 1960, the year OPEC was formed.4While U.S. crude imports already totaled a million barrels per day, it was at prices set by the country's internationally dominant oil companies and backed by import quotas. ...