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US Leads Global Oil Production for the Sixth Consecutive Year

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The United States has maintained its position as the world’s leading oil producer for the sixth year in a row, with an average daily output of 12.9 million barrels, according to the US Department of Energy.

In a remarkable achievement, crude oil production in the US reached a new monthly high in December 2023, surpassing 13.3 million barrels per day, as reported by the Energy Information Administration (EIA).

The EIA’s statement highlighted, “For the past six years, the US has consistently outpaced all other countries in crude oil production. It is unlikely that any other nation will surpass this record in the near future.”

Read more...

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This sustained leadership in oil production underscores the United States’ pivotal role in the global energy market and its significant impact on worldwide oil supply dynamics.

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