US crude supplies to exceed highest crude market output

 

 

 

 

 

 

 

 

 

 

 

The surge in oil and gas supplies from the US will be the largest growth seen in crude oil markets, International Energy Agency’s (IEA) annual report on Tuesday revealed.

By 2025 the US oil production will equal Saudi production at its peak, and the US natural gas production will exceed what was produced by the Soviet Union, IEA added.

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