The International Energy Association (IEA) says the US will overtake Russia and become the leading oil producer by 2023.

The Wall Street Journal reports U.S. Will Be the World's Largest Oil Producer by 2023, Says IEA.

U.S. crude production is expected to reach a record of 12.1 million barrels a day in 2023, up about 2 million barrels a day from this year, said the International Energy Agency, which advises governments and corporations on industry trends. American oil output will surge past Russia, currently the world's largest crude producer at about 11 million barrels a day.