US leads global oil production for the first time in 45 years

The US has overtaken Saudi Arabia and Russia as the largest oil producer in the world. According to an investment company, a significant part of the explanation is the technological development, writes CNN.

Photo: Nabil al-Jurani

For the first time since 1973, the US is the largest extractor of crude oil, show preliminary estimates from the US energy ministry according to CNN.

The US production of crude oil has more than doubled over the past decade, with Texas as the epicenter. In June and August, production increased to nearly 11 million barrels daily, and the US then overtook Saudi Arabia and Russia.

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