[USA] “U.S. Becomes World’s Largest Crude Oil Producer and Department of Energy Authorizes Short Term Natural Gas Exports”

[DOE, 13 September 2018]  

The Energy Information Administration, in their Short-Term Energy Outlook, has found the US to be the largest global crude oil producer, greater than even Russia and Saudi Arabia. This past February, America’s crude oil production surpassed Saudi Arabia – a first in over 20 years. In June and then again in August, the U.S.’s crude oil production was greater than that of Russia’s for the first time since 1999. On a separate issue, the Department of Energy (DOE) has issued a short-term order for the Freeport LNG project to export up to 2.14 bcf/d of natural gas as LNG over a two-year term both to free-trade and non-free trade agreement countries; of course, this does not include countries that have been expressly banned from U.S. trade relations.