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Tag: oil production

Will Trump’s Presidency Change the Rankings of Top Oil Producers?

Last June, the United States overtook Russia and became the world’s largest oil and natural-gas producing country. However, Russia recently…

The Stacking Dilemma: What Do You Do With Not-In-Service Oil Rigs?

Understanding the oil industry isn't exactly easy--for starters, nobody even knows exactly how much oil is actually underground. The oil market ebbs…

What Are The Worlds Largest Oil Reserves?

Below is a great map by country detailing the worlds largest oil reserves, which are the amount of oil that…