U.S. Set To Pump More Oil Than Russia And Saudis Combined

In a major shift, the United States is set to produce more oil and liquids than Russia and Saudi Arabia combined by 2025.

In Rystad Energy’s base case oil price scenario, US liquids production is forecast to surpass 24 million barrels per day over the next six years, thereby outpacing the combined output from Russia and Saudi Arabia.

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Why 2019 Could Start With An Oil Rally

Oil prices have regained significant ground since the Christmas Eve meltdown, and there is potential for higher prices in the weeks ahead.

Trying to guess what will happen next with oil is foolish, but several trends and upcoming events could pave the way for a tightening up of the oil market. As we close out the year, December could potentially go down as the low point in the latest price cycle.

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