Financial Times: “US poised to become world’s leading liquid petroleum producer”

From the Financial Times: “US poised to become world’s leading liquid petroleum producer”

(FT is gated)

In brief;

• The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum
• US … output is set to exceed Saudi Arabia’s this month or next for the first time since 1991
• US crude oil production in August was still lower than either Saudi Arabia’s, at about 9.7m b/d, or Russia’s at 10.1m b/d. The overall US leadership in petroleum is accounted for by its higher production of natural gas liquids such as ethane and propane