U.S. bid for oil supremacy shakes crude market

Propelled by surging shale output, the United States is fighting for supremacy in the global oil market even as a pullback in crude prices threatens to challenge the boom.
The U.S., which only a few years ago seemed to be in the midst of an inexorable decline in domestic petroleum production, may have already overtaken other petroleum giants.
In terms of crude alone, the US pumped 8.8 million barrels a day in September, still a distance from Russia's 10.6 million barrels and Saudi Arabia's 9.7 million, according to official sources.
But when natural gas liquids are included, the U.S. extracted 11.5 million barrels in August, essentially level with OPEC kingpin Saudi Arabia, according to data from the International Energy Agency.

This post was published at France24