Crude oil production in the U.S. is rising and might set a new record in 2019. In April, daily production hit 12.2 million barrels, the first time the 12 million mark was surpassed according to the Department of State.
Comparing U.S. performance to global crude oil extraction worldwide, it becomes apparent that North America has been a large driver in the global increase in production. While the Middle East remains the biggest producer by a large margin, the U.S. has been growing its production significantly since 2011. Most of the oil is extracted from shale by a controversial method known as fracking.
The former Soviet Republics and Africa were also able to increased their production, but only by a small margin according to analyst Enerdata. The main users of oil around the world are United States and China, which together use about one third of the world’s supply. The biggest growth in oil demand can also be witnessed in the U.S and China as well as in India.
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