Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

US to surpass KSA as the world's biggest oil producer  Join our daily free Newsletter

MENAFN - 06/07/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN) US became the biggest oil producer in the world this year as extraction of oil shale rocks increased, Bank of America said, according to Saudi Gazette

US oil production, along with liquids separated from natural gas, surpassed the production of both Saudi Arabia and Russia this year with a daily output exceeding 11 million barrels in the first half of this year. This output is expected to grow to a peak of 13.1 million barrels a day in 2019 and will remain at the same leel for at least a decade


This output is expected to increase to a peak of 13.1 million barrels a day in 2019 and will remain at the same level for at least a decade.

"The US increase in supply is a very meaningful chunk of oil," Francisco Blanch, the bank's head of commodities research, said on the phone from New York. "The shale boom is playing a key role in the US recovery. If the US didn't have this energy supply, prices at the pump would be completely unaffordable"


 


MENAFN




  MENA News Headlines
 Mar 30 2017 - EQUATE Group announces USD 679 million in total net profit for 2016MENAFN Press
(MENAFN Editorial)The EQUATE Group, a global producer of petrochemicals, announced today USD 679 million in total net profit for the fiscal year ending 31 December 2016. The EQUATE Group combines ...

 Mar 30 2017 - Italy will not deport unaccompanied refugee childrenThe Peninsula
(MENAFN - The Peninsula) ROME: Italy's parliament on Thursday approved a law that allows unaccompanied refugee children to stay in the country and be protected from mistreatment. 'This is a ...

 Mar 30 2017 - Global security experts to converge at Gulf Information Security Expo and Conference (GISEC) 2017MENAFN Press
(MENAFN Editorial)Cyber security experts from across the region and globe will discuss, debate and highlight the latest smart cities technology and service innovations at the Gulf Information ...

 Mar 30 2017 - Jordan- Royal decree appoints Al Shoubaki as King's adviserJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 30 (Petra)--A Royal Decree was issued appointing Faisal Jibril Hassan Al Shoubaki as the King's advisor, as of March 30, 2017. 30/3/2017 - 02:56:42 ...

 Mar 30 2017 - Jordan- Royal decree appoints director of Intelligence DepartmentJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 30 (Petra) -- A Royal Decree was issued Thursday appointing Maj. Gen. Adnan Na'el al-Jundi, as Director General of the General Intelligence Department as ...

 Mar 30 2017 - Jordan- Lower House speaker, French official discuss ties, regionJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 30 (Petra)--Speaker of the Lower House of Parliament Atef Tarawneh reiterated the centrality of the Palestinian cause as well as the importance of ...

 Mar 30 2017 - Jordan- Emirates plane collides with another aircraft in SingaporeJordan News Agency
(MENAFN - Jordan News Agency) Dubai, March 30 (Petra) -- An Emirates passenger aircraft suffered minor damage after coming into contact with another airplane on the ground at Changi Airport in ...

 Mar 30 2017 - Jordan- Army chief receives US military delegationJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 30 (Petra) -- Chairman of the Joint Chiefs of Staff, Lt. General Mahmoud Freihat, Thursday received U.S. Special Operations Command chief Gen. Raymond ...

 Mar 30 2017 - Jordan- King calls Crown Prince of Abu DhabiJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 30 (Petra) -- His Majesty King Abdullah II on Thursday thanked Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE, Mohammed bin Zayed ...

 Mar 30 2017 - Jordan- Lebanese president visits Baptism SiteJordan News Agency
(MENAFN - Jordan News Agency) Baptism Site, March 30 (Petra) -- President of Lebanon Michel Aoun, on Thursday visited the Baptism Site, some 40km west of Amman. Touring archaeological sites and ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help