Report: U.S. could surpass Saudi Arabia in oil production
12:43 PM, Jan 19, 2018
A new report from the International Energy Agency on Friday shows U.S. oil production is expected to hit historic highs in 2018.
Oil prices have been on the rise since the middle of last year. The report shows U.S. production could surpass Saudi Arabia production, possibly hitting $10 million a barrel a day. That would also put the U.S. close to Russian output.