Arab Today, arab today us oil production growth in 2014 largest since 1900
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

US oil production growth in 2014 largest since 1900

Arab Today, arab today

Arab Today, arab today US oil production growth in 2014 largest since 1900

US oil
Washington - XINHUA

U.S. crude oil production increased in 2014 more than any year since 1900 despite falling oil prices, the U.S. Energy Information Administration (EIA) said Monday.
U.S. crude oil production climbed by 1.2 million barrels per day last year, the largest volume increase since records began in 1900, to reach 8.7 million barrels per day, the EIA said. On a percentage basis, last year's oil production increased by 16.2 percent, the highest growth rate since 1940.
Most of the increase during 2014 came from tight oil plays in North Dakota, Texas and New Mexico where hydraulic fracturing and horizontal drilling were used to produce oil from shale formations, the agency added.
Oil prices have fallen about 50 percent since mid-2014 and are currently trading at around 50 U.S. dollars per barrel. That "has slowed production in marginal drilling areas and focused investment in the more developed areas of tight oil plays," the agency said.
The EIA expects U.S. oil production to continue rising in 2015 and 2016, but the growth is not expected to be as strong as last year. "Annual crude oil production is expected to grow at a slower rate, 8.1 percent this year and 1.5 percent next year," the EIA said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us oil production growth in 2014 largest since 1900 Arab Today, arab today us oil production growth in 2014 largest since 1900

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us oil production growth in 2014 largest since 1900 Arab Today, arab today us oil production growth in 2014 largest since 1900

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday