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.

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

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.

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 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 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.

Fossil fuels have helped our civilization get to where it is today, we’ve used them to power our homes, factories, and vehicles. Fossil fuels are plant and animal matter that died millions of years ago and have then been subjected to heat and pressure over millions of years.

Fossil fuels come in three major groups: Coal – is mined and fuels 1/3 of the world’s power (the largest consumers are China, India, and the U.S.) Crude oil – pumped up through the earth and split through refining to produce different oils we use for fuel (like gasoline, diesel, kerosene, etc.) Natural gas – this is mainly methane found near oil deposits and caused the development of the controversial fracking process.

Key information about United States Crude Oil: Production

• United States Crude Oil: Production was reported at 13,208.219 Barrel/Day th in Dec 2024
• This records an increase from the previous number of 12,934.556 Barrel/Day th for Dec 2023
• US Crude Oil: Production data is updated yearly, averaging 7,171.122 Barrel/Day th from Dec 1960 to 2024, with 65 observations
• The data reached an all-time high of 13,208.219 Barrel/Day th in 2024 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 accounts for **** percent of global crude oil production, making it the largest oil producing country in the world. Crude oil production includes crude oil, shale oil, oil sand and NGLs (natural gas liquids: liquid content of natural gas in which the condensate is recovered separately). It excludes liquid fuels from other sources such as biomass and coal derivatives. Global crude oil supply Apart from the United States, Saudi Arabia and Russia are among the world’s largest producers of crude oil, each accounting for a share around ** percent. Saudi Arabia's oil production has amounted to roughly ********** barrels of oil per day for the past few years. Unsurprisingly, these countries are also some of the world’s largest oil consumers. Saudi Arabia consumes around ************ barrels per day, while the U.S. uses about ********** barrels. U.S. oil trade In the past, the U.S. relied heavily on oil imports from OPEC member countries like Saudi Arabia. However, due to an increase in domestic production output following technological advances, U.S. crude oil imports decreased by over one third since 2005. Conversely, U.S. petroleum exports skyrocketed, reaching ************ barrels per day in 2024.

Learn about the increasing demand for refined sunflower-seed or safflower oil in Northern America and how the market is expected to grow over the next decade, with a projected market volume of 7.1M tons and value of $13.8B by the end of 2035.

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.

The article discusses the increasing demand for crude rape, colza, or mustard oil in Northern America, projecting a continuous upward trend in consumption over the next decade. It forecasts market performance to slow down, with a projected CAGR of +1.1% in volume and +2.6% in value from 2024 to 2035, reaching 5.1M tons and $6.3B, respectively, by the end of 2035.

Discover the forecasted growth of the United States market for refined rape, colza, and mustard oil, with an expected increase in consumption over the next decade. Anticipated CAGR rates indicate a rise in both market volume and value by the end of 2035.

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

The United States sunflower-seed and safflower oil market is expected to see continued growth over the next decade due to increasing demand. Market performance is forecast to increase with a CAGR of +0.9% in volume and +2.4% in value from 2024 to 2035.

Discover the projected growth of the refined rape, colza, and mustard oil market in the United States, with an expected increase in volume and value over the next decade.

This study assesses current Federal energy policies and programs in light of recent events and in light of what are believed to be the most reliable available projections of the future. Then it outlines additional steps - some unpleasant - that could reduce our vulnerability to an oil import disruption during the next decade. Specifically, the study seeks to answer three questions: (1) as a base case, what levels of US energy consumption, production, and imports might we anticipate for 1985 and 1990 under existing statutes, policies, and programs; (2) considering both our own and our allies'dependence on oil imports, how vulnerable does this leave the United States to foreign supply disruptions; (3) considering the likely effects of government policies and programs which already exist to reduce our vulnerability (through reduction of US oil imports or by any other means), are there additional initiatives that could be undertaken to give us greater protection - especially between now and 1990.

Crude Oil Market Outlook

According to our latest research, the global crude oil market size stood at USD 2.2 trillion in 2024, reflecting its pivotal role as the backbone of the global energy sector. The market is projected to expand at a CAGR of 4.1% during the forecast period, reaching USD 3.1 trillion by 2033. The demand for crude oil continues to be propelled by robust industrialization, rising transportation needs, and the ongoing expansion of petrochemical industries worldwide. As per our recent analysis, the market’s growth is further fueled by evolving geopolitical dynamics, technological advancements in extraction, and growing energy consumption in emerging economies.

A primary growth factor for the crude oil market is the sustained increase in global energy demand, particularly from rapidly industrializing regions such as Asia Pacific and the Middle East. The transportation sector, which accounts for a significant portion of crude oil consumption, is witnessing steady growth due to rising vehicle ownership, expanding logistics networks, and increasing air travel. Furthermore, the petrochemicals segment is experiencing heightened demand for plastics, fertilizers, and synthetic materials, all of which are derived from crude oil derivatives. This broad-based demand across multiple sectors ensures a stable foundation for the market’s continued expansion.

Technological advancements in extraction and production methods have also played a crucial role in market growth. Innovations such as horizontal drilling, hydraulic fracturing, and enhanced oil recovery techniques have significantly improved the efficiency and cost-effectiveness of crude oil extraction, especially from previously inaccessible reserves. These technological breakthroughs have enabled producers to tap into unconventional sources, such as shale oil and deepwater reserves, thereby increasing overall supply and stabilizing prices. Additionally, digitalization and automation in upstream operations are optimizing production workflows, reducing operational risks, and enhancing safety standards, further bolstering the market’s growth trajectory.

Another notable growth driver is the strategic investments and policy support from governments and private players in oil-rich regions. Countries in the Middle East, North America, and Russia are continuously investing in infrastructure, refining capacity, and exploration projects to maintain their competitive edge in the global crude oil market. Moreover, favorable policy frameworks, such as tax incentives for exploration and production, are encouraging companies to expand their operations. The increasing focus on energy security and diversification of supply sources is also prompting countries to build strategic reserves, further stimulating demand for crude oil.

From a regional perspective, the Asia Pacific region is emerging as the fastest-growing market, driven by surging energy needs in China, India, and Southeast Asia. North America, with its advanced extraction technologies and abundant shale reserves, continues to be a significant contributor to global supply. Meanwhile, the Middle East remains a dominant force due to its vast proven reserves and low production costs. Europe and Latin America are also notable markets, with Europe focusing on refining and importation, and Latin America leveraging offshore discoveries. The interplay of these regional dynamics is shaping the competitive landscape and influencing global market trends.

Type Analysis

The crude oil market is segmented by type into light distillates, middle distillates, and heavy oils. Light distillates, such as gasoline and naphtha, are highly sought after due to their extensive use in transportation and petrochemical manufacturing. The demand for light distillates has been consistently rising, especially in regions with burgeoning automotive industries and expanding urban populations. Their relatively higher yield and ease of processing make them a preferred choice for refineries, contributing to their substantial share in the overall market. Moreover, the ongoing shift towards cleaner fuels is further boosting the consumption of light distillates, as they produce fewer emissions compared to heavier oil types.

Middle distillates, which include diesel, kerosene, and jet fuel, represent another critical segment in the crude oil market. The growth of the aviation sector, coupled with increased freight transportation, is dri

The US natural gas market, a significant component of the global energy landscape, is projected to experience robust growth over the forecast period (2025-2033). Driven by increasing demand from the power generation sector, a shift towards cleaner energy sources (compared to coal), and ongoing industrialization, the market is poised for expansion. The abundance of shale gas reserves within the US contributes significantly to this growth, making the nation a key player in global natural gas production and trade. While challenges exist, such as fluctuating prices influenced by global supply chains and environmental concerns regarding methane emissions, technological advancements in extraction and infrastructure development are mitigating these risks. The residential sector also contributes to market growth, albeit at a slower rate compared to power generation and industrial applications. Competition among major players like ExxonMobil, Chevron, and ConocoPhillips, fuels innovation and efficiency improvements within the industry. The market segmentation by gas type (wet and dry) further reflects the diverse applications and evolving needs of consumers and industries. Assuming a conservative CAGR of 5% based on the provided information, and a 2025 market size of approximately $300 billion (a reasonable estimate considering the scale of the US energy market), we can project substantial growth throughout the forecast period. Growth is expected to be most pronounced in regions with strong industrial activity and expanding power grids. The specific growth trajectory will depend on factors such as government policies promoting natural gas utilization (or potentially phasing it out), technological advancements, and global geopolitical events impacting energy prices. Nonetheless, the US natural gas market is expected to maintain its position as a major contributor to the national energy supply and a significant player in the global energy market. Further analysis of specific segments (e.g., wet vs. dry natural gas within each end-use sector) would provide more granular insights into market dynamics and investment opportunities. The overall outlook remains positive, projecting significant value creation and economic benefits over the next decade. Recent developments include: May 2022: According to the US Energy Information Administration, the Natural Gas Pipeline Project Tracker was updated with recent approvals and completions of pipeline projects. As of the end of the first quarter of 2022, the Federal Energy Regulatory Commission (FERC) approved three projects to increase the export of US natural gas by pipeline and LNG. FERC approved two projects connecting LNG terminals in Louisiana. The Evangeline Pass Expansion Project, owned by Tennessee Gas Pipeline Company, is 1.1 billion cubic feet in size. It is intended that the proposed Plaquemines LNG Project in Plaquemines Parish, Louisiana, be supplied with natural gas by constructing 13.1 miles of new pipeline and two new compressor stations., April 2022: TotalEnergies signed a Heads of Agreement (HOA) with Sempra Infrastructure, Mitsui & Co., Ltd., and Japan LNG Investment for the expansion of Cameron LNG, a liquefied natural gas (LNG) production and export facility located in Louisiana, United States. The expansion project includes the development of a fourth train with a production capacity of 6.75 million metric tons per annum (Mtpa), as well as the debottlenecking of the first three trains to increase production by 5%.. Notable trends are: Power Generation Segment to Dominate the Market.