IAE says US could soon rival Saudi Arabia′s oil output | Business| Economy and finance news from a German perspective | DW | 12.03.2019
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Business

IAE says US could soon rival Saudi Arabia's oil output

Crude production is set to continue expanding in the United States thanks to shale oil, with the country becoming a net oil exporter from 2021, Low production costs there have led to a boom in production. This should help the United States soon surpass Russia and challenge Saudi Arabia as the world's top exporter.

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