America is about to remove Saudi Arabia from the "throne" … what happens at the end of the year



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"The United States will overtake Saudi Arabia this year in 2019 with respect to oil, natural gas liquids and petroleum products such as gasoline," said energy research firm Restad Energy .

"The superiority of the United States over Saudi Arabia's oil exports has never been reached since Saudi Arabia began producing and exporting oil in the 1950s," he said. said the company in a report. "The oil boom will make the United States the leading exporter of oil and liquids" in the world, "according to the network" CNN "America.

"Ten years ago, nobody thought it could happen," said Ryan Fitzmaurice, strategist at Rabobank Energy Center. "The rock boom has resulted in a significant increase in production.

US oil production, driven by oil shale, has more than doubled in the last decade, reaching its highest level ever, and the United States is now pumping more oil than any other country, including Russia and Saudi Arabia, the report said.

The Kingdom of Saudi Arabia is currently exporting about 7 million barrels of oil a day, plus 2 million barrels of natural gas liquids and petroleum products, according to "Restad", while the United States exports about 3 million barrels of crude oil and 5 million barrels of liquids per day. Natural gas and petroleum products.

Ristad expects the gap to narrow this year, even though Saudi Arabia will have comfortable leadership as the world's largest crude exporter.

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