America becomes the world's largest oil producer after overtaking Russia and Saudi Arabia for the first time in 45 years
Texas is reportedly at the center of this boom in oil production, particularly the Permian Basin in the west of the American state
The United States has reportedly overtaken Saudi Arabia and Russia to become the top oil-producing country, the first time in over four decades, according to analysts.
New data states that the US surpassed Saudi Arabia for monthly crude oil production in February this year and possibly overtook Russian some time in June or August, the Daily Mail reported. This would mark the first time since 1973 that the US has topped world rankings.
The latest figures, which are based on preliminary estimates published by the US Energy Information Administration (EIA) last week, comes after the development of fracking led to a boost in shale oil production and reduced drilling costs by a significant margin.