US welcomes the resumption of oil production
The United States has welcomed the resumption of oil production in South Sudan, saying it signaled an important step in implementing a cooperation agreement it signed with Sudan last September.
The US shale oil boom will enable the US to overtake Saudi Arabia as the world's largest oil producer by 2020, a radical shift that could profoundly change not just the world's energy supplies, but also its geopolitics, the International Energy Agency, the energy watchdog for 28 industrialised countries including Ireland, said Monday.