Oil Review Middle East: US oil to surpass Russia and Saudi Arabia by 2025
The US is set to produce more oil and liquids than Russia and Saudi Arabia combined by 2025, according to a report by the independent research firm Rystad Energy.
In Rystad Energy’s base case oil price scenario, US liquid production is projected to exceed 24mn bpd over the next six years, outperforming the combined output from Russia and Saudi Arabia.
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Update: U.S. oil output to surpass Russia and Saudi Arabia combined by 2025: Rystad (Reuters)
WNU Editor: I think their projections are too optimistic, but if the infrastructure is there to permit this growth (coupled with oil prices at over $50/barrel), then anything is possible.
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