IEA: US world's next largest oil producer

|By:, SA News Editor

"This year promises to be a record-setting one for the U.S.," the IEA said in its closely-watched monthly report.

"Relentless growth should see the U.S. hit historic highs above 10M barrels a day [in production], overtaking Saudi Arabia and rivaling Russia during the course of 2018 - provided OPEC and non-OPEC restraints remain in place."

Crude futures -1% to $63.26.

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