U.S. Oil Production Reaches 10% of Global Supply

In the fourth quarter of 2013, the United States produced 7.84 million barrels of oil per day, according to new data from the Energy Information Administration. This was enough to account for over 10% of total global production for the quarter, which is up from a 9% share in the last quarter of 2012. Of the 7.84 million bpd, 3.22 million bpd came from tight oil production.

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