U.S. Ousts Russia as Top World Oil, Gas Producer in BP Data
Four pumpjacks are silhouetted as they operate at the site of an oil well outside Williston, North Dakota, U.S., on Thursday, Feb. 12, 2015.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
The U.S. has taken Russia’s crown as the biggest oil and natural-gas producer in a demonstration of the seismic shifts in the world energy landscape emanating from America’s shale fields.
U.S. oil production rose to a record last year, gaining 1.6 million barrels a day, according to BP Plc’s Statistical Review of World Energy released on Wednesday. Gas output also climbed, putting America ahead of Russia as a producer of the hydrocarbons combined.