Increasing use of unconventional technology means U.S. oil production is growing at its fastest pace recorded, according to a report by BP. Net oil imports have fallen by 930,000 barrels a day because of a 1 million-barrel-a-day increase in production, the report said. Last year's U.S. production of oil and natural gas increased the fastest globally, BP said in its annual Statistical Review of World Energy.

Related Summaries