Oil consumption worldwide reached approximately ************* barrels per day in 2024. This was an increase of around ****percent in comparison to the previous year. Apart from the years of the financial crisis and the 2020 coronavirus pandemic, oil consumption consecutively increased in every year since 1998. Oil demand by region As a region, Asia-Pacific has the highest demand for oil in the world, followed closely by the Americas. The United States alone contributes strongly to this high regional demand in the Americas, as it is the country with the largest petroleum consumption in the world. Oil is mainly used as a raw material for motor fuels or as a feedstock in the chemicals industry for products ranging from adhesives to plastics. It has historically also been used as a source for electricity and heat generation, although to a lesser extent than other fossil fuels such as coal and natural gas. Where is oil produced? Though the U.S. holds only around **** percent of proved oil reserves, it currently accounts for the greatest share of global crude oil production, surpassing countries with far larger oil reserves such as Saudi Arabia. With the expansion of the shale oil industry through new methods of extraction like hydraulic fracturing and horizontal drilling, the United States has become less dependent on oil imports as domestic production has drastically increased.

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.

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.

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

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 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.

Analysis of the refined sunflower-seed and safflower oil market in Northern America, covering consumption, production, trade, and forecasts through 2035, with key data on the US and Canada.

Domestic palm oil consumption in the United States (U.S.) amounted to approximately *** 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 *** million metric tons of palm oil, compared to about **** and *** million metric tons of soybean and rapeseed oil, respectively. The volume of imports of palm oil to the U.S. amounts to around *** 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 ***** million metric tons. Palm oil also has the highest import volume of vegetable oils worldwide, with just under ** million metric tons of imports annually. In total, the global production of vegetable oils is approximately *** million metric tons and expected to increase further.

Northern America's refined sunflower-seed and safflower oil market is forecast to grow to 7.2M tons and $14.3B by 2035, driven by sustained demand. The United States dominates consumption and production, while imports surged in 2024.

Analysis of the refined sunflower-seed and safflower oil market in Northern America, covering consumption, production, trade, and forecasts through 2035, with key data on the US and Canada.

All data made available in bulk through the EIA Open Data API, including:

• the Annual Energy Outlook, the International Energy Outlook and the Short Term Energy Outlook;
• aggregate national, state, and mine-level coal production statistics, including imports and exports, reciepts of coal at electric power plants, consumption and quality, market sales, reserves, and productive capacity;
• U.S. electric system operating data;
• aggregate national, state, and plant-level electricity generation statistics, including fuel quality and consumption, for grid-connectedplants with nameplate capacity of 1 megawatt or greater;
• CO2 emissions aggregates, CO2 emissions and carbon coefficients by fuel, state, and sector;
• International Energy System (IES) data containing production, reserves, consumption, capacity, storage, imports, exports, and emissions time series by country for electricity, petroleum, natural gas, coal, nuclear, and renewable energy;
• statistics of U.S. natural gas production, imports, exploration, pipelines, exports, prices, consumption, stocks, and reserves;
• statistics of U.S. petroleum and other liquid fuel production, imports, refining, exports, prices, consumption, stocks, and reserves;
• aggregate national, PADD, state, city, port, and refinery petroleum imports data for various grades of crude oil and country of origin;
• state and national energy production and consumption, using survey and estimates to create comprehensive state energy statistics and flows;
• U.S. total energy production, prices, carbon dioxide emissions, and consumption of energy from all sources by sector.

Archived from https://www.eia.gov/opendata/bulkfiles.php. The Annual Energy Outlook data is also archived separately here.

This archive contains raw input data for the Public Utility Data Liberation (PUDL) software developed by Catalyst Cooperative. At present, PUDL integrates only a few specific data series related to fuel receipts and costs figures from the Bulk Electricity API. It is organized into Frictionless Data Packages. For additional information about this data and PUDL, see the following resources:

• The PUDL Repository on GitHub
• PUDL Documentation
• Other Catalyst Cooperative data archives

Learn about the growing demand for sunflower-seed and safflower oil in Latin America and the Caribbean, with market projections showing an expected increase in consumption over the next decade.

The article discusses the increasing demand for refined rape, colza, or mustard oil in Northern America, leading to a projected upward consumption trend over the next decade. Market performance is expected to accelerate, with a forecasted CAGR of +3.4% by 2035, reaching a volume of 4.7M tons. In terms of value, the market is forecasted to grow with a CAGR of +4.9%, reaching $7.1B by the end of 2035.

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.

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

MX: GDP per Unit of Energy Use: PPP per Kg of Oil Equivalent data was reported at 11.894 Intl $/kg in 2015. This records an increase from the previous number of 11.554 Intl $/kg for 2014. MX: GDP per Unit of Energy Use: PPP per Kg of Oil Equivalent data is updated yearly, averaging 7.301 Intl $/kg from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 11.894 Intl $/kg in 2015 and a record low of 4.411 Intl $/kg in 1990. MX: GDP per Unit of Energy Use: PPP per Kg of Oil Equivalent data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank: Energy Production and Consumption. GDP per unit of energy use is the PPP GDP per kilogram of oil equivalent of energy use. PPP GDP is gross domestic product converted to current international dollars using purchasing power parity rates based on the 2011 ICP round. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.; ; 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.

Alaska contains approximately 27 trillion cubic feet (Tcf) of known natural gas reserves equal to 16% of U.S. reserves. Gas reserves in southern Alaska (Cook Inlet) have been exported in limited quantities for over 30 years. The much larger gas reserves in northern Alaska are stranded by the lack of a means of transportation to market. Four percent (1 Tcf) of Alaska's remaining exportable gas reserves occur within fields in the Cook Inlet basin of southern Alaska. Ninety-six percent of Alaska's gas reserves (26 Tcf) occur within fields in or near the Prudhoe Bay field in northern Alaska and these stranded reserves are presently attracting many proposals for development. In addition to the Prudhoe Bay-area reserves, the Mackenzie delta area in Canada (300 miles east of Prudhoe Bay) contains 9 - 12 Tcf of stranded gas reserves in fields mostly under 1 Tcf in size that are also a focus of emerging proposals for development. The known gas reserves are dwarfed by the potential for undiscovered gas in Arctic Alaska and nearby areas of the Mackenzie delta of northwest Canada. If the undiscovered gas resources in the Mackenzie delta (53 Tcf) are added to those of the North Slope (64 Tcf) and Federal submerged lands on the Beaufort (32 Tcf) and Chukchi shelves (60 Tcf), the Arctic regional gas resource potential totals 209 Tcf a quantity equal to 33% of the total U.S. undiscovered conventional gas resource base (626 Tcf). Arctic Alaska and the Mackenzie delta seem destined to someday become major producing areas for natural gas. For the long-term outlook, the undiscovered gas resources may be overshadowed by the immense potential for gas extracted from methane hydrates in the northern regions. For northern Alaska, 590 Tcf of gas (in place) are estimated to be sequestered in methane hydrates associated with permafrost. The Prudhoe Bay-area reserves and the discovered reserves in the Mackenzie delta are the key assets that will drive near-term strategic decisions about how to transport and market stranded natural gas from the Arctic. To date, the natural gas in the oil fields of the Prudhoe Bay area has been re-injected to increase oil recovery and used to fuel production facilities. Therefore, there has been no urgency for any decision about the ultimate disposition of the gas an energy asset equivalent to 4.6 billion barrels of oil or $130 billion U.S. Now, Prudhoe Bay oil production is falling rapidly (10% per year) while annual gas production at Prudhoe Bay has risen to 3 Tcf a remarkable quantity equal to the domestic gas consumption of either Germany, the U.K., or Canada, and equal to 14% of current U.S. gas consumption. Limited gas sales could begin at any time from the Prudhoe Bay-area fields without affecting long-term oil recovery and gas sales may help avoid capital outlays for new gas-handling equipment. At present, three concepts are in the forefront for commercializing the stranded gas resources in northern Alaska and Mackenzie delta: ? New gas pipelines that link to existing pipelines in Canada. Build new gas pipelines to carry the gas from Prudhoe Bay and Mackenzie delta to northern Alberta or British Columbia, where the new pipeline would join the Canadian pipeline network and supplement ongoing transmission gas exports to the U.S.

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Road transportation is the greatest oil demanding sector in OECD (Organisation for Economic Co-operation and Development) member states. In 2024, 46 percent of all oil consumed in the OECD was related to motor vehicle usage. By comparison, the petrochemical sector which manufactures plastics, resins, and other petroleum-based products, only made up about 15.5 percent of total demand. U.S. and China by far largest consumers The United States and China are the greatest oil consumers worldwide by a wide margin. In 2024, daily oil consumption in these countries amounted to 19 million barrels and 16.6 million barrels, respectively. Daily global crude oil demand, including biofuels, reached 102.21 million barrels in 2024, up from 99.57 million barrels in 2023. The future road sector Oil is used in numerous manufacturing processes and still accounts for a large chunk of primary energy supply worldwide. It is largely used to produce transportation fuels such as gasoline, diesel, and kerosene. As such, demand is also shaped by a growth or decline in internal-combustion engine vehicle usage and overall economic performance. During the 2020 pandemic, oil demand within the road sector decreased as lockdowns were enforced across the world. With many countries pushing for a wider adoption of electric vehicles, oil demand in the road sector is likely to be further affected going forward.