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Saudi Arabia Reclaims Spot as Top Global Oil Producer

Posted on 14 September 2016

U.S. output down 460 MBOPD since May, making Saudi Arabia the largest global oil producer for now. U.S. output in August stood at 12.2 million barrels a day, including natural gas liquids, according to the IEA.
The drop in U.S. production came as the number of rigs drilling for oil and gas fell to a record low of 404 on May 20, according to data from Baker Hughes Inc. That number has since recovered to 508 as of Sept. 9………………………………………..Full Article: Source


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