U.S. oil industry set to break record, upend global trade

U.S. oil industry set to break record, upend global trade Liz Hampton, Reuters HOUSTON (Reuters) – Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day – toppling a record set in 1970 and crossing a threshold...

America could become oil king of the world in 2018

America could become oil king of the world in 2018 by Matt Egan   @MattEganCNN The United States is poised to ramp up crude oil production by 10% in 2018 to about 11 million barrels per day, according to research firm Rystad Energy. Surging shale oil output should...