As reported by the Bank of America Corp. and the International Energy Agency (IEA) in June, the United States will remain the world’s biggest oil and natural gas liquids producer this year, overtaking Saudi Arabia and Russia. The country became the world’s biggest natural gas producer in 2010.
It was announced in the report of the bank and IEA that the country is currently the world’s leading producer of oil and natural gas liquids. U.S. production of crude oil along with liquids separated from natural gas have outpaced every other country in the world in the first six months. More »