In 2024, the United States consumed nearly ** million barrels of oil daily. In comparison to the previous year, figures decreased 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 2024. New Mexico was the second largest producer, at a third of Texas’ production. American oil companies As of June 2025, 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.

View yearly updates and historical trends for US Oil Consumption. from United States. Source: Energy Institute. Track economic data with YCharts analytics.

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.

U.S. Crude Oil Imports

https://www.googleapis.com/download/storage/v1/b/kaggle-user-content/o/inbox%2F8734253%2Fa7802f9fbe1ee0095b2940d3b0fdccd9%2Fcrude-oil-banner.png?generation=1714313995249268&alt=media" alt=""> Background: Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. It is a fossil fuel that is refined to produce usable products such as gasoline, diesel, and various forms of petrochemicals. The United States imports crude oil from various countries to supplement its domestic production.

Dataset Description

This dataset provides detailed information about U.S. crude oil imports by month for every year from 2009 to 2024. The data includes the country of origin, the U.S. port of entry, the name of the oil company, the type of crude oil, and the volume imported (in thousands of barrels).

File Structure

The dataset is provided in a CSV format with the following columns:

Potential Use Cases

This dataset can be used for various purposes, including: 1. Analyzing U.S. crude oil import patterns: The data can help identify the major countries exporting crude oil to the United States, the most common grades of crude oil imported, and the primary ports of entry. 2. Investigating the impact of crude oil imports on the U.S. economy: By combining this data with other economic indicators, researchers can explore the relationship between crude oil imports and various aspects of the U.S. economy, such as GDP, employment, and inflation. 3. Optimizing supply chain management: Oil companies and refineries can use this data to better understand their supply chains and make informed decisions about sourcing, transportation, and storage of crude oil. 4. Forecasting future trends: By analyzing historical import data, researchers can develop models to forecast future trends in U.S. crude oil imports, which can help inform policy decisions and business strategies. 5. Environmental impact assessment: The data can be used to estimate the environmental impact of crude oil imports, such as the carbon footprint associated with transportation and refining processes.

Overall, this dataset provides a comprehensive overview of U.S. crude oil imports for January 2009, offering valuable insights for researchers, policymakers, and industry professionals interested in the energy sector and its impact on the U.S. economy.

Credits

• This data was sourced from the U.S. Energy Information Administration.
• Image credits: ProGas LLC, Forbes Advisor

Graph and download economic data for Crude Petroleum Consumption, Runs to Stills for United States (M015AAUSM387NNBR) from Jan 1917 to Dec 1948 about petroleum, crude, consumption, and USA.

The United States consumed ******million metric tons of oil in 2024. This represented a slight decrease in comparison to the previous year. Oil consumption in the United States reached a record low in 2020. Liquid fuels are the country's main energy source.

This dataset provides values for CRUDE OIL CONSUMPTION. reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The global demand for crude oil (including biofuels) in 2025 amounted to 105.15 million barrels per day. The source expects economic activity and related oil demand to pick up by the end of the year, with forecasts suggesting it could increase to more than 106.5 million barrels per day. Motor fuels make up majority of oil demand Oil is an important and versatile substance, used in different ways and in different forms for many applications. The road sector is the largest oil consuming sector worldwide. It accounts for nearly one half of the global demand for oil, largely due to reliance on motor spirits made from petroleum. The OPEC projects global oil product demand to reach 120 million barrels per day by 2050, with transportation fuels such as gasoline and diesel expected to remain the most consumed products. Diesel and gasoil demand is forecast to amount to 32.5 million barrels per day in 2050, up from 29 million barrels in 2023. Gasoline demand is forecast at 27 million barrels by 2050. Differences in forecast oil demand widen between major energy institutions Despite oil producing bodies such as the OPEC seeing continued importance for crude oil in the future, other forecast centers have been more moderate in their demand outlooks. For example, between the EIA, IEA, and OPEC, the latter was the only one to expect significant growth for oil demand until 2030.

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.

Forecast: Oil Consumption in the US 2022 - 2026 Discover more data with ReportLinker!

The United States and China are the top largest consumers of oil in the world, totaling ********** and ************ barrels per day, respectively. In the last decade, the share of global oil consumption from Europe and North America have begun to decline, whereas consumption levels from Asia Pacific and other regions have risen. As other sources of energy become more cost effective and due to the prominence of new transportation technologies, oil consumption worldwide is expected to reach a peak in the near future. Refining oil Crude oil is refined into petroleum products, such as gasoline and diesel fuel, and used for a wide variety of products, although many refineries focus on transportation fuels. Generally, crude oil feedstocks are processed by an oil production plant and is an essential part of the downstream petroleum industry.

The average for 2014 based on 26 countries was 944.73 thousand barrels per day. The highest value was in the USA: 19106 thousand barrels per day and the lowest value was in Montserrat: 0.6 thousand barrels per day. The indicator is available from 1980 to 2014. Below is a chart for all countries where data are available.

This extensive dataset encompasses a wide array of critical indicators related to the United States' energy landscape and economic performance. It includes data on crude oil production, natural gas production, coal production, total energy production, liquid fuels consumption, natural gas consumption, coal consumption, electricity consumption, renewables consumption, and total energy consumption, measured in quadrillion British thermal units (quadrillion Btu). Additionally, the dataset provides information on the pricing of crude oil, natural gas, and coal.

Economic metrics such as Real Gross Domestic Product (RGDP), RGDP percent change Year-Over-Year (YOY), GDP Implicit Price Deflator, GDP IPD percent change YOY, Real Disposable Personal Income (RDPI), RDPI percent change YOY, Manufacturing Production Index (MPI), and MPI percent change YOY are also included.

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: 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.

This dataset contains information about GCC countries oil consumption, gasoline, fuel, refined petroleum and liquefied petroleum data from 1980-2019Data from US Energy Information AdministrationFollow datasource.kapsarc.org and it’s APIs to stay in sync and advance energy economics research.

This statistic portrays North America's oil consumption between 1990 and 2019. In 2019, around **** billion metric tons of oil were consumed here. The United States is the region's main oil consumer.

This dataset provides values for CRUDE OIL CONSUMPTION reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.