The international energy agency predicts that in 2016 the United States will become the largest oil producer before Russia and Saudi Arabia. The United States will basically realize energy self-sufficient and reduce its dependence on OPEC supplies. Reuters says, the crude oil market will experience two stages, before 2020, light crude oil production will rise, the degree of dependence on Middle East will be reduced, but the light crude oil resources are limited in USA, the crude oil in Middle East market will rule after 2020.
Written by Dora Men