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The United States has surpassed all other nations to become the largest oil producer in the world. The country achieved a production record in December 2023, producing approximately 13.6 million barrels of oil per day. Projections from the US Energy Administration suggest that production will reach 14 million barrels per day by 2024. This increase is primarily due to a decline in drilling costs, particularly in the Gulf of Mexico, and unfavorable geopolitical market conditions that have slowed down competitors from OPEC Plus, such as Russia and Saudi Arabia. See my article on this topic: https://andreazanon.co/the-united-states-surpasses-everyone-and-becomes-the-largest-oil-producer-in-the-world/

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Andrea Zanon Confidente

Performance advisor with over 20 years experience across entrepreneurship, sustainability and partnership. Now focusing helping people investing in themselves