Chart of the week: U.S. remains the largest hydrocarbon producer for the third straight year
The Energy Information Administration (EIA) released the annual statistics on the world’s three largest oil and gas hydrocarbon producers this week. The United States remained the largest producer for the third consecutive year, with Russia coming in second and OPEC’s largest producer, Saudi Arabia, in third.
U.S. petroleum production increased by 3 quadrillion Btu (1.6 MMBOPD) in 2014, while natural gas production increased by 5 quadrillion Btu (13.9 Bcf/d) over the past fiver years. Combined hydrocarbon output in Russia and Saudi Arabia increased by 3 quadrillion Btu and 4 quadrillion Btu respectively in the same time period.
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