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Has USA claimed world’s oil crown in an uncertain oil market which is going through a major disruption and reshaping. U.S. oil production has hit record levels.Combined U.S. exports of petroleum products and crude oil have perched the U.S. to net exporter status. As per the U.S. Energy Information Administration reports Growth in oil production in Texas and the Permian and Bakken geological regions have put total U.S. oil production ahead of Russia’s for the first time since February 1999 which makes it the world leader in oil production. Technological Innovation, Availability of capital and i
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