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The United States has Become the World’s Largest Crude Producer

"The United States has become the world’s largest crude producer, boosted by output from shale formations, with production of nearly 11 million barrels in 2018, which broke the country’s annual record set in 1970. 


...U.S. crude production is forecast to climb 1.14 million bpd to 12.07 million bpd in 2019 and an additional 790,000 bpd in 2020 to 12.86 million bpd, the statistics arm of the U.S. Energy Department said in a monthly report. 


...The forecast indicates that the U.S. will become a net crude exporter in late 2020." 


(U.S. oil output to rise to 12.9 million bpd in 2020: EIA dated 01/15/2019 by Jessica Resnick-Ault with Reuters)


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