US to overtake Saudi as 2nd biggest oil producer: Report
The US is on track to overtake Saudi Arabia as the world's second-largest oil producer this year, according to forecasts by International Energy Agency (IEA). The US' output is expected to surge above the historic high of 10 million barrels per day rivalling the largest producer Russia, IEA said. Notably, Russia produced around 10.9 million barrels a day in 2017.