Global oil production hits a new record, led by US and OPEC

The world’s supply of oil hit a record last month, yet another sign of oil’s dominance over the energy landscape.

The International Energy Agency said Thursday that the global oil supply reached 100 million barrels a day for the first time ever.

OPEC and the United States are boosting output, according to IEA, which advises oil-consuming nations.

U.S. production has returned to 2014 boom levels, but the energy agency says it will grow more slowly next year due to bottlenecks in getting oil to markets.

The Organization of the Petroleum Exporting Countries accounts for about one-third of all production. Rising output in Libya, Iraq, Nigeria and Saudi Arabia is offsetting declines in Iran, which faces new U.S. sanctions on exports, and in Venezuela.

adwpadmin

adwpadmin

More News

STORMTRACKER 18 WEATHER
Osseo
61°
Menomonie
61°
Chetek
58°
Durand
64°
Ladysmith
59°
Neillsville
59°
Rice Lake
58°
New Richmond
58°
Black River Falls
62°
Medford
56°
River Falls
Duluth
55°
Green Bay
63°
La Crosse
66°
Madison
63°
Milwaukee
68°
Twin Cities
61°
ALERT: Severe weather possible this afternoon and evening

ALERT: Severe weather possible this afternoon and evening

NOAA's Storm Prediction Center has placed the Eau Claire area and a large portion of the region in an "enhanced"

Connect With WQOW
Top Stories

UPDATE: 4 from Loyal, including 3 kids, killed in Apostle Island kayak incident

Sheriff Michael Brennan said Erik Fryman, 39, and his kids 3, 6 and 9-years-old died. The mom, Cari Mews, 29,

NEW: Missing Mondovi man found dead Wednesday afternoon

According to Mondovi Police Chief Colin Severson, the department is looking or Nathan D. Kummer who was reported missing by

UPDATE: Gas leak contained in Boyd

Boyd's fire chief told News 18 crews were digging up a leaking water line at Double D's Saloon and workers

Sex offender faces new charges in Eau Claire

A convicted sex offender living in Eau Claire is charged with two counts of first degree sexual assault of a

UPDATE: Middleton shooter was employee of business where he opened fire

The Middlelton Police department sent a phone message to residents about an active shooter.

Scroll to top
Skip to content