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 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.

Crude Oil Production in the United States increased to 13468 BBL/D/1K in April from 13450 BBL/D/1K in March 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 consumption of oil has steadily increased over the last three decades, totaling ************ metric tons in 2024, compared to ************ metric tons consumed the previous year. The only decline during this period was observed around the 2008-2009 financial crisis and around the 2020 coronavirus pandemic. Regional oil consumption The United States and China are the countries with the highest oil consumption. Overall, oil consumption worldwide reached a new high in 2023, when it exceeded *********** metric tons for the first time. However, this growth in consumption was the highest in Asia Pacific, where figures went up by some *** percent. In the United States, high consumption levels were held up by demand for petrochemicals as well as increased industrial production and demand for transportation by trucks. What is crude oil? Crude oil is a mixture of hydrocarbons from plant animal life that was formed under immense pressure. It generally exists in liquid form and can be found in underground pools or reservoirs, in small spaces within sedimentary rocks, and near the Earth’s surface as a tar (also known as oil sands). In turn, crude oil and other hydrocarbons in natural gases are refined to form petroleum products such as gasoline and jet fuel.

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 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.

Key information about United States Crude Oil: Production

• United States Crude Oil: Production was reported at 12,927.088 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 11,910.573 Barrel/Day th for Dec 2022
• US Crude Oil: Production data is updated yearly, averaging 8,135.663 Barrel/Day th from Dec 1960 to 2023, with 64 observations
• The data reached an all-time high of 12,927.088 Barrel/Day th in 2023 and a record low of 4,999.727 Barrel/Day th in 2008
• US Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: Yearly

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

The global demand for crude oil (including biofuels) in 2024 amounted to 103.75 million barrels per day. The source expects economic activity and related oil demand to pick up by the end of the year, with forecast suggesting it could increase to more than 105 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 State Energy Data is a made available by the Energy Information Administration (EIA), the independent statistical and analytical branch of the U.S. Department of Energy (DOE). It provides annual data concerning energy consumption in each of the United States starting from 1960. Tables include annual consumption (measured in physical units, British thermal units (Btu), physical to Btu conversion factors, or share factors) by fuel type, end-user sector, and state. Fuel types include coal, natural gas, and petroleum. End-user sectors include residential, commercial, industrial, transportation, and electric utilities.

The State energy data is available online from: "http://www.eia.doe.gov/emeu/states/_seds.html" The latest report (1999) can be downloaded in pdf.

State data is also available from: "http://eia.doe.gov/emeu/states/_states.html"

Link to the ScienceBase Item Summary page for the item described by this metadata record. Service Protocol: Link to the ScienceBase Item Summary page for the item described by this metadata record. Application Profile: Web Browser. Link Function: information

The article discusses the increasing demand for refined sunflower-seed or safflower oil in the United States, projecting a positive trend in market consumption over the next decade. Market performance is expected to grow with a CAGR of +0.9% in volume and +2.4% in value from 2024 to 2035, reaching 6.2M tons and $11.5B respectively by the end of 2035.

"The disappearance of the reserve capacity to produce natural crude oil in the United States is the most important difference between the country’s prewar and postwar economic and security situation. Prior to the war, a reserve of 20 to 21 billion barrels would have permitted domestic production of about 5 million barrels daily at the maximum efficient rate, while actual production was less than 4 million barrels. In essence, there was cushion of 1 million barrels a day to soak up the heavy war demand and to provide time in which the civilian consumption could be curtailed to provide still greater supplies for military uses. Now a domestic crude production near 5,100,000 barrels daily is barely sufficient to meet the country’s needs. It is also most probable that demand will continue to rise, for over 90 per cent of the locomotives on order are Diesel engines, domestic-oil-burner sales are at the highest rate in the history of the industry, fewer automobiles are burning more gasoline than before the war with an estimated 4.5 million new ones produced this year, and a developing passenger and freight traffic in the air is requiring larger volumes of high-octane gasoline. A predicted consumption requiring 6 million barrels of petroleum products a day by 1951 may err on the low side. Today the country is still meeting its oil demands from a known reserve of 21 billion barrels plus a small net import of crude oil and petroleum products, but it is evident that domestic reserves must soon be increased or new sources of supply found. The prospects for increasing reserves in the United States are not bright, and the maintenance of the 21 billion barrel reserve has only been possible though extensions and revisions of previous estimates on known fields. The reserve and exploration picture has become increasingly disquieting because discoveries of new oil pools have now failed to match consumption for 8 or 9 years while at the same time consumption is mounting rapidly. On the other hand, the question is not; can the United States find new sources of oil? But rather, what sources should be used?"

Discover the latest market trends for refined rape, colza, and mustard oil in the United States, with projections showing an upward consumption trend over the next decade. By 2035, market volume is expected to reach 4.7M tons, with a market value of $7.4B in nominal prices.

Discover the latest trends in the Northern American sunflower-seed and safflower oil market. With increasing demand expected to drive growth, the market is forecasted to reach 7.1M tons in volume and $13.8B in value by 2035.

The global heavy oils market exhibits robust growth potential, driven by increasing demand across diverse sectors. While precise market size figures for 2025 are unavailable, we can extrapolate from available data and industry trends. Assuming a conservative CAGR of 4% (a reasonable estimate considering fluctuating oil prices and geopolitical factors), and a 2019 market size of $150 billion (an educated guess based on the scale of oil production and consumption globally), the market size in 2025 could be projected around $200 billion. This projection incorporates the fluctuating nature of the oil market and accounts for possible setbacks due to economic downturns or shifts in energy policy. Key growth drivers include the ongoing demand from the machinery & equipment, aerospace, and defense sectors, particularly in emerging economies experiencing rapid industrialization. The shipbuilding industry also contributes significantly to consumption, especially in the construction of large vessels. Further growth is anticipated from increasing investment in infrastructure projects globally. However, fluctuating crude oil prices, environmental regulations aimed at reducing carbon emissions, and the rise of alternative energy sources represent significant restraints. The segmentation of the heavy oils market reveals substantial opportunities within specific application areas. Extra-heavy oils, characterized by their high viscosity and density, present unique challenges and opportunities, demanding specialized processing and transportation technologies. Geographic distribution shows a concentration of consumption in North America, the Middle East, and Asia-Pacific, reflecting established industrial bases and significant oil reserves in these regions. Competition in the market is fierce, with major players like Schlumberger, Halliburton, Saudi Aramco, and ExxonMobil dominating production and distribution. However, smaller regional companies and specialized providers also play a role, especially in niche applications and servicing specific regional markets. The forecast period (2025-2033) anticipates continued growth, albeit potentially at a moderated pace, as market dynamics evolve and sustainability concerns gain increasing prominence. Technological advancements in refining and extraction will play a crucial role in shaping the market's future trajectory.

In 2023, China imported more oil and its products than any other region across the globe, at roughly 13.7 million barrels per day. Europe followed closely as the second-largest importer, with 12.8 million daily barrels. Chinese demand on the rise China has become the second largest oil consumer in the world, ranking only behind the U.S. However, while the latter saw its oil production more than double in the past decade, oil production in China has remained more or less stable in the period, with an average output of four million barrels per day. In contrast, China's oil consumption has about tripled since the beginning of the century, with demand registering a year-over-year growth of almost two percent in 2020, despite the coronavirus pandemic. Oil movement between Europe and Russia The European Economic Area, as well as Eastern European countries, also account for a high level of imports, as Russia is a major producer and exporter of oil, home to the largest proved oil reserves in Europe and Eurasia. Outside of Russia and former Soviet Union (FSU) countries, Norway and the United Kingdom are the only two European nations with significant oil production, yet still only a fraction of Russia’s. Nevertheless, the share of petroleum oil imported to the European Union from Russia has slowly declined in the past decade, to just below 2.8 percent in the first quater of 2024.

This digital dataset contains historical geochemical and other information for 200 samples of produced water from 182 sites in 25 oil fields in Los Angeles and Orange Counties, southern California. Produced water is a term used in the oil industry to describe water that is produced as a byproduct along with the oil and gas. The locations from which these historical samples have been collected include 152 wells. Well depth and (or) perforation depths are available for 114 of these wells. Sample depths are available for two additional wells in lieu of well or perforation depths. Additional sample sites include four storage tanks, and two unidentifiable sample sources. One of the storage tank samples (Dataset ID 57) is associated with a single identifiable well. Historical samples from other storage tanks and unidentifiable sample sources may also represent pre- or post-treated composite samples of produced water from single or multiple wells. Historical sample descriptions provide further insight about the site type associated with some of the samples. Twenty-four sites, including 21 wells, are classified as "injectate" based on the sample description combined with the designated well use at the time of sample collection (WD, water disposal or WF, water flood). Historical samples associated with these sites may represent water that originated from sources other than the wells from which they were collected. For example, samples collected from two wells (Dataset IDs 86 and 98) include as part of their description “blended and treated produced water from across the field”. Historical samples described as formation water (45 samples), including 38 wells with a well type designation of OG (oil/gas), are probably produced water, representing a mixture of formation water and water injected for enhanced recovery. A possible exception may be samples collected from OG wells prior to the onset of production. Historical samples from four wells, including three with a sample description of "formation water", were from wells identified as water source wells which access groundwater for use in the production of oil. The numerical water chemistry data were compiled by the U.S. Geological Survey (USGS) from scanned laboratory analysis reports available from the California Geologic Energy Management Division (CalGEM). Sample site characteristics, such as well construction details, were attributed using a combination of information provided with the scanned laboratory analysis reports and well history files from CalGEM Well Finder. The compiled data are divided into two separate data files described as follows: 1) a summary data file identifying each site by name, the site location, basic construction information, and American petroleum Institute (API) number (for wells), the number of chemistry samples, period of record, sample description, and the geologic formation associated with the origin of the sampled water, or intended destination (formation into which water was to intended to be injected for samples labeled as injectate) of the sample; and 2) a data file of geochemistry analyses for selected water-quality indicators, major and minor ions, nutrients, and trace elements, parameter code and (or) method, reporting level, reporting level type, and supplemental notes. A data dictionary was created to describe the geochemistry data file and is provided with this data release.