LONDON—The U.S.’s role as a so-called world swing oil producer won’t last long as its petroleum growth will peak sometime in the next decade and then go into decline, BHP Billiton PLC’s chief for oil and gas production said Tuesday.

“U.S. liquid growth is relatively short lived…I expect to see it peak within the next decade,” said Tim Cutt, president of the petroleum and potash division of the Anglo-Australian company, in a meeting with reporters in London. “That swing producer [role] only lasts a certain period of time.”

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