The United States is on track to surpass both Saudi Arabia and Russia to become the world’s largest oil producer, for the first time since the 1970s.
U.S. crude oil production will average 10.8 million barrels per day (bpd) in 2018, according to U.S. Energy Information Administration (EIA) predictions. That means an increase of 1.4 million bpd compared to last year. If the forecast holds, this production level will beat the previous record set in 1970.
