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→Oil production in 2023: United States, Saudi Arabia and Russia
== Oil production in 2023: United States, Saudi Arabia and Russia ==
== Oil production in 2023: United States, Saudi Arabia and Russia ==
In the fall of 2023 Saudi Arabia and Russia jointly agreed to cut back production.
In the fall of 2023 Saudi Arabia and Russia, who are members of the cartel [[OPEC]], jointly agreed to cut back production.
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[[File:The USA is outproducing Russia and Saudi Arabia in oil production. The best is yet to come.jpg|thumbnail|center|1200px|In August of 2023, the USA was outproducing Russia and Saudi Arabia in oil production.<ref>[https://realinvestmentadvice.com/us-oil-production-hits-records/ ''US Oil Production Hits Records'']</ref>]]
[[File:The USA is outproducing Russia and Saudi Arabia in oil production. The best is yet to come.jpg|thumbnail|center|1200px|In August of 2023, the USA was outproducing Russia and Saudi Arabia in oil production.<ref>[https://realinvestmentadvice.com/us-oil-production-hits-records/ ''US Oil Production Hits Records'']</ref>]]