The Energy
Information Administration (EIA) released new data this week on international
energy production for the month of March. For the fifth straight month starting
last November, total petroleum production (crude oil and other petroleum products like natural gas plant liquids,
leased condensate, and refined petroleum products) in “Saudi America” during
the month of March (11.76 million barrels per day) exceeded petroleum
production in Saudi Arabia (10.85 million barrels per day). Also for the fifth
month in a row starting last November, “Saudi America”: a) took the top spot in
March as the No. 1 petroleum producer in the world, and b) produced more petroleum in
March than the combined output of all of the countries in Europe, Central
America, and South America (11.32
million barrels per day in March), which has never happened in the history of
EIA international petroleum data back to 1994….To Read More….
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