Crude oil production in the U.S. increases by 17%, setting a new record of nearly 11.0 million barrels per day and surpassing Saudi Arabia to become the world’s largest producer of petroleum. Production in the Permian region of western Texas and eastern New Mexico contribute to most of the growth. In addition, U.S. dry natural gas production increases by 12% to 28.5 billion cubic feet per day, reaching a record high for the second year in a row. (EIA)
