14.09.2016 - Saudi Arabia Reclaims Spot as Top Global Oil Producer |
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 |