The United States plans to reach the level of Russia and Saudi...

The United States plans to reach the level of Russia and Saudi Arabia in oil production


США планируют выйти на уровень России и Саудовской Аравии по добыче нефти

With such a forecast for 2019 was made by the US Department of energy

In 2019, the us oil companies pump out enough oil to get around Saudi Arabia and to compete with the current leader in terms of production, Russia.

This forecast was made by the Ministry of energy of the United States.

The energy information administration (Wei) Ministry on Tuesday published a forecast that oil production in the United States in 2019 is expected to average 10.8 million barrels a day.

Such production volumes will put US on a par with Saudi Arabia and Russia.

According to estimates, UAE, oil production in the United States for the first time will reach 11 million barrels a day in November 2019.

This year, according to forecasts of way, production will rise to 10.3 million barrels per day, which is the highest annual average level of production.

“Thanks to the first production in the United States… and new projects production from the oil Sands in Canada, oil production in countries outside OPEC is expected to continue to grow until the end of 2019, – said the acting head of Wei John Conti. – We expect that growth will total about 2 million barrels a day in 2018, and 1.3 million barrels a day in 2019”.

In 2017, oil production in Russia amounted to about 11 million barrels a day, which was the highest figure in 30 years. Saudi Arabia, the world’s largest oil exporter, produces nearly 10 million barrels per day.

Both countries restrict production under the agreement, from about 25 other countries to reduce global stocks and rising oil prices.

However, the US will still go to two years to compete with the leading oil producers.

Saudi Arabia produces about 10.6 million barrels a day in 2016, before the constraint of OPEC production came into force.

Russia has opportunities for growth, but it faces sanctions on its energy sector in connection with the annexation of the Crimea, which may limit its potential.