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Montevideo, November 22nd 2024 - 07:14 UTC

Tag: Francisco Blanch

Monday, July 14th 2014 - 06:07 UTC
US consolidating as world's biggest oil and natural gas producer

$Oil extraction is soaring at shale formations in Texas and North Dakota as companies apply fracking$

The US will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs US economic recovery, Bank of America Corp. said in a report.