Key information about United States Oil Consumption

• United States Oil Consumption was reported at 18,983.557 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 18,862.210 Barrel/Day th for Dec 2022
• US Oil Consumption data is updated yearly, averaging 17,634.400 Barrel/Day th from Dec 1965 to 2023, with 59 observations
• The data reached an all-time high of 20,531.482 Barrel/Day th in 2005 and a record low of 11,512.436 Barrel/Day th in 1965
• US Oil Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.OIL: Oil: Consumption

In 2023, the United States consumed nearly ** million barrels of oil daily. In comparison to the previous year, figures increased by around *** percent. Within the period of consideration, the figure peaked at **** million barrels of oil daily in 2005. The U.S. is the country with the highest oil consumption in the world. Domestic production U.S. oil production saw a noticeable growth after the Great Recession, as the energy industry developed extraction technologies to reduce the need to import high-priced oil. In 2021, domestic production amounted to **** million barrels per day, while figures in 2008 stood at *** million barrels per day. Texas is by far the leading crude oil producing state, with an annual production of *** billion barrels in 2023. New Mexico was the second largest producer, at a quarter of Texas’ production. American oil companies As of June 2024, ExxonMobil had the highest market capitalization of any oil and gas producer in the world. Chevron and ConocoPhillips were also among the top 10 oil and gas companies worldwide based on market value, ranking ****** and ******** respectively. ExxonMobil was founded in 1999, as a merger of Exxon and Mobil, formerly the Standard Oil Company of New Jersey and Standard Oil Company of New York, respectively. ExxonMobil is headquartered in Irving, Texas (although it has recently announced it will move its headquarters further South to its Houston campus) and generated an operating revenue of *** billion U.S. dollars in 2023. This figure represented an increase in comparison to 2021, when the company’s revenue dropped as a consequence of the coronavirus pandemic.

The United States consumed 815.6 million metric tons of oil in 2023. This represented a slight increase in comparison to the previous year. Oil consumption in the United States reaxhed a record low in 2020. Liquid fuels are the country's main energy source.

The transportation sector is the greatest consumer of petroleum in the United States. In 2024, it was responsible for the consumption of roughly 13.8 million barrels of petroleum per day. The industrial sector followed, using an average of 5.4 million barrels per day.

The United States consumed 23.5 million barrels of petroleum and petroleum products per day in 2024. This figure represents an increase compared to the previous two years. Overall, petroleum use in the U.S. grew within the period of consideration.

United States US: Fossil Fuel Energy Consumption: % of Total data was reported at 82.776 % in 2015. This records a decrease from the previous number of 82.935 % for 2014. United States US: Fossil Fuel Energy Consumption: % of Total data is updated yearly, averaging 87.236 % from Dec 1960 (Median) to 2015, with 56 observations. The data reached an all-time high of 95.982 % in 1967 and a record low of 82.776 % in 2015. United States US: Fossil Fuel Energy Consumption: % of Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Energy Production and Consumption. Fossil fuel comprises coal, oil, petroleum, and natural gas products.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Restricted use: Please contact the International Energy Agency for third-party use of these data.

Crude Oil Production in the United States increased to 13488 BBL/D/1K in March from 13240 BBL/D/1K in February of 2025. This dataset provides the latest reported value for - United States Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The USA: Diesel and heating oil consumption, thousand barrels per day: The latest value from 2023 is 3916.13 thousand barrels per day, a decline from 4025.57 thousand barrels per day in 2022. In comparison, the world average is 145.86 thousand barrels per day, based on data from 190 countries. Historically, the average for the USA from 1980 to 2023 is 3535.25 thousand barrels per day. The minimum value, 2670.86 thousand barrels per day, was reached in 1982 while the maximum of 4195.91 thousand barrels per day was recorded in 2007.

Domestic palm oil consumption in the United States (U.S.) amounted to approximately 1.8 million metric tons in 2024. There has been a decrease of over 1,000 metric tons in comparison to the previous year. Palm oil in the U.S. Palm oil is an edible vegetable oil. It is used for food manufacturing as well as in non-edible products such as beauty products and biofuel. A division of palm oil usage in the U.S. by purpose type shows that the vast majority of palm oil is for edible usage. Palm oil is the third most frequently consumed type of edible oil in the United States. Americans consume about 1.8 million metric tons of palm oil, compared to about 11.6 and 2.8 million metric tons of soybean and rapeseed oil, respectively. The volume of imports of palm oil to the U.S. amounts to around 3.6 billion pounds annually. The market for palm oil worldwide Among the different types of vegetable oils consumed worldwide, palm oil is the most consumed type of vegetable oil. The worldwide consumption of palm oil amounts to more than 76.04 million metric tons. Palm oil also has the highest import volume of vegetable oils worldwide, with just under 50 million metric tons of imports annually. In total, the global production of vegetable oils is approximately 218 million metric tons and expected to increase further.

United States US: Oil Rents: % of GDP data was reported at 0.051 % in 2016. This records an increase from the previous number of 0.049 % for 2015. United States US: Oil Rents: % of GDP data is updated yearly, averaging 0.404 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 3.031 % in 1980 and a record low of 0.049 % in 2015. United States US: Oil Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Land Use, Protected Areas and National Wealth. Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;

The average for 2022 based on 25 countries was 204.82 thousand barrels per day. The highest value was in the USA: 4025.57 thousand barrels per day and the lowest value was in Montserrat: 0.09 thousand barrels per day. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

United States US: Electricity Production From Oil Sources: % of Total data was reported at 0.904 % in 2015. This records a decrease from the previous number of 0.923 % for 2014. United States US: Electricity Production From Oil Sources: % of Total data is updated yearly, averaging 4.834 % from Dec 1960 (Median) to 2015, with 56 observations. The data reached an all-time high of 17.167 % in 1977 and a record low of 0.774 % in 2012. United States US: Electricity Production From Oil Sources: % of Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Energy Production and Consumption. Sources of electricity refer to the inputs used to generate electricity. Oil refers to crude oil and petroleum products.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Electricity production shares may not sum to 100 percent because other sources of generated electricity (such as geothermal, solar, and wind) are not shown. Restricted use: Please contact the International Energy Agency for third-party use of these data.

Weekly Crude Oil Production in the United States increased to 13435 Thousand Barrels Per Day in June 20 from 13431 Thousand Barrels Per Day in the previous week. This dataset includes a chart with historical data for the United States Weekly Crude Oil Production.

One of the largest conventional oil reservoirs in the United States, the Permian Basin, is becoming one of the world’s largest continuous oil and gas producing reservoirs. Continuous, or horizontal well drilling techniques extract oil and gas by directionally drilling and hydraulically fracturing the surrounding reservoir rock. The continuous extraction of oil and gas using hydraulic fracturing requires large volumes of water, and estimates of the total water volume used in the Continuous Oil and Gas (COG) extraction technique, requires a comprehensive assessment to determine the amount of water needed to extract reservoir resources. This data release contains the input and output files utilized for the assessment of water usage associated with continuous oil production in the Permian Basin. All data points that met the filtering criteria as described in the child item Data Processing

Discover the growth projections for the olive oil market in the United States, with an expected increase in both volume and value over the next decade.

For more than 100 years, the Permian Basin has been an important source of oil and gas produced from conventional reservoirs; directional drilling combined with hydraulic fracturing has greatly increased production in the past 10 years to the extent that the Permian Basin is becoming one of the world’s largest continuous oil and gas (COG) producing fields (U.S. Energy Information Administration, 2020). These recent techniques extract oil and gas by directionally drilling and hydraulically fracturing the surrounding reservoir rock. The extraction of COG by using these techniques requires large volumes of water and estimates of the total water volume used in COG require a comprehensive assessment to determine the amount of water needed to extract reservoir resources. This data release contains the R scripts used to process input data (Ball and others, 2020) and the results (output data) produced by those scripts. Linear and quantile regression models of water use in relation to the number of oil and gas wells developed were fitted to the direct, indirect, and ancillary water-use categories for the Permian Basin. Confidence intervals for each parameter estimate (regression model coefficient) obtained from the linear regression models were computed as a measure of uncertainty. Together, these scripts and output data can be used to model water use associated with COG development in the Permian Basin, with estimates by individual well and by county. In March, 2022, U.S. Geological Survey staff noticed an incorrect version of a file that was not part of the Bureau approved data release was included within this data release by mistake. The data release has been updated by replacing the incorrect version of the file with the original Bureau approved version of the file. The file in question is located within the top-level "Model.zip" directory and is the "mungeDataRelease.R" script. The incorrect file had the same name as the correct file. First release: August 2021; revised April 2022 (version 2.0). The previous version can be obtained by contacting the USGS Oklahoma-Texas Water Science Center using the "Point of Contact" link on the landing page on ScienceBase.

The article discusses the rising demand for virgin olive oil in the United States, projecting a steady increase in consumption over the next decade. Market performance is expected to grow at a moderate rate, with volume reaching 310K tons and market value reaching $2.9B by 2035.

Access monthly energy price assessments for Germany, featuring Crude Oil and other key energy commodities. Coverage includes 10-year price history, current values, short-term forecasts, and market trends. Updated on the 3rd business day of each month, the data offers insights on prices, supply, demand, production, and trade. Available via PDF reports, Excel Add-In, Power BI, and API. Coverage for United States and over 30 other countries is included in Intratec Energy Prices & Markets. Free preview available.

The size of the United States Refined Petroleum Products Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.50% during the forecast period. The highly developed markets of refined petroleum products in the United States incorporate a wide range of products, ranging from gasoline to diesel, jet fuel, and heating oil. It happens to be the biggest consumer of refined petroleum products, not only consuming quite large quantities but also refines a significant amount of it within its territory, making it self-sufficient in meeting not only domestic needs but also overseas supplies. U.S. overall market developments due to the shale oil boom have increased crude oil production considerably and changed the nature of energy supply. Considering this scenario, U.S. refineries have been able to produce refined products at higher capacities than ever before, and the U.S. has emerged as a major exporter of refined petroleum products, primarily to Latin America and Europe, by taking advantage of favorable trade conditions and a consistently high global demand. However, the market is also being affected in terms of crude oil price fluctuations and environmental regulations, among other critical issues. Gradually, the basic need for cleaner fuels is turning imperative, and this has called for investment options in alternative sources such as biofuels and electric vehicle infrastructure. After all these facts, the refined petroleum products market of the U.S. is still relatively strong in consideration of changing consumer demand patterns and regulatory needs, yet it is as important within the U.S. and to the global energy markets. The sector is likely to change with stronger sustainability considerations over time and seek new ways forward to fulfill the future energy requirements. Recent developments include: July 2021: Contango Oil & Gas agreed to acquire low-decline, conventional gas assets in the Wind River Basin of Wyoming, United States, from ConocoPhillips in a USD 67 million cash deal.. Key drivers for this market are: 4., Growing Demand for Renewable Energy4.; Upcoming Investments in the Energy Sector and Supportive Renewable Energy Policies. Potential restraints include: 4., High Initial Investment Cost and Long Investment Return Period on Projects. Notable trends are: Aviation Fuel Usage to Grow Significantly.

This U.S. Geological Survey (USGS) Data Release provides data to estimate water use associated with continuous oil and gas development in the Williston Basin during 1980-2017. Data included: 1. Data records from the national hydraulic fracturing chemical registry, FracFocus, including the state, county, latitude and longitude of each well, and the year and volume of water used for hydraulic fracturing for the years 2010-2017 in Montana and North Dakota. 2. IHS Markit (TM) data reported in 2018 including the number of wells used for hydraulic fracturing treatments; the volume of oil, gas and water produced; well counts for produced oil, gas, and water. 3. Montana Department of Natural Resources and Conservation (MTDNRC) water permit records associated with oil and gas development including the county, source type, use type, and volume of water use reported for the years 2012-2017. 4. North Dakota Industrial Commission (NDIC) records of individual well permits including county, latitude, longitude, depth of casings, number of sacks of cement used for casings, volume of wastewater injected or disposed, volume of water, oil and gas produced, and the volume of water used for hydraulic fracturing stimulation for the years 1980-2017. 5. North Dakota State Water Commission (NDSWC) records of individual water permits including the county, latitude, longitude, source type, use type, and volume of water use reported, and allocations allowed for the years 1980-2017. 6. Annual population estimates by county for Montana, North Dakota, and South Dakota for the years 1980-2017 from the United States Census Bureau's (USCB) Population Estimates Program. 7. Spatially interpolated monthly total precipitation and average monthly daily minimum, maximum, and mean air temperature from the PRISM Climate Group for the conterminous United States for the years 1980-2017 at a 4 km resolution. First posted September 30, 2019 Revised December 17, 2019, ver.2.0 Revised October 18, 2022, ver. 3.0