This statistic represents the losses in global oil supplies between 1956 and 2011. During the Iranian revolution of 1978, the gross peak supply loss came to approximately 5.6 million barrels of oil daily.

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

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.

In the early 1900s, the Dutch East Indies (present-day Indonesia) was the largest producer of crude petroleum in the Pacific. Following the U.S. cessation of oil exports to Japan in 1941, and the lack of oil access at home, Japan's invasion of China was at threat of coming to a halt. In order to keep its armies supplied, Japan launched an invasion of Southeast Asia on December 8. 1941, with the annexation of Indonesia as one of its top priorities. This invasion also included the attack on Pearl Harbor, where Japan sought to neutralize the U.S. Pacific Fleet to prevent American interference. This brought the U.S. military into the Second World War, but it was not until mid-1942 when the Allies then halted the Japanese advance in Southeast Asia and started pushing them back through Southeast Asia in a grueling three-year long campaign. One of the keys to the Allies' success was the disruption of Japan's oil supply from Indonesia to Japan's armies in China and at home.

This is a spatial representation of oil production by country from 1900 to 2017. The data does not fully encompass all countries from 1900, but provides comprehensive data for a subset of countries. Data used: OPEC Temporal DataThe layer was created using a spatial join from that dataset to a shapefile of countries around the world. If recreating the map, use "one to many" during the spatial join process.

The 2025 annual OPEC basket price stood at ***** U.S. dollars per barrel as of July. This would be lower than the 2024 average, which amounted to ***** U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. The aim of the OPEC is to coordinate the oil policies of its member states. It was founded in 1960 in Baghdad, Iraq. The OPEC Reference Basket The OPEC crude oil price is defined by the price of the so-called OPEC (Reference) basket. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, BCF 17 from Venezuela, et cetera. By increasing and decreasing its oil production, OPEC tries to keep the price between a given maxima and minima. Benchmark crude oil The OPEC basket is one of the most important benchmarks for crude oil prices worldwide. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. The 2025 fall in prices was the result of weakened demand outlooks exacerbated by extensive U.S. trade tariffs.

Mexico Production Based Emissions of CO2: Oil data was reported at 256.892 Tonne mn in 2022. This records an increase from the previous number of 217.348 Tonne mn for 2021. Mexico Production Based Emissions of CO2: Oil data is updated yearly, averaging 43.970 Tonne mn from Dec 1891 (Median) to 2022, with 132 observations. The data reached an all-time high of 291.123 Tonne mn in 2005 and a record low of 0.000 Tonne mn in 1900. Mexico Production Based Emissions of CO2: Oil data remains active status in CEIC and is reported by Our World in Data. The data is categorized under Global Database’s Mexico – Table MX.OWID.ESG: Environmental: CO2 and Greenhouse Gas Emissions: Annual.

From the 1860s until the late-1900s, the United States was the largest producer of crude petroleum in the world, with annual production in the given period peaking at more than 400 million tons after the late 1960s. From the 1910s onward, Venezuela also emerged as one of the world's major oil producers, and it became the third-largest oil producer in the world by the 1940s (behind the U.S. and USSR). The spike in U.S. production in 1973 was a result of the 1973 oil crisis.

Mexico Production Based Emissions of CO2 per Capita: Oil data was reported at 1.545 Tonne in 2021. This records an increase from the previous number of 1.513 Tonne for 2020. Mexico Production Based Emissions of CO2 per Capita: Oil data is updated yearly, averaging 1.260 Tonne from Dec 1891 (Median) to 2021, with 131 observations. The data reached an all-time high of 6.047 Tonne in 1921 and a record low of 0.000 Tonne in 1900. Mexico Production Based Emissions of CO2 per Capita: Oil data remains active status in CEIC and is reported by Our World in Data. The data is categorized under Global Database’s Mexico – Table MX.OWID.ESG: Environmental: CO2 and Greenhouse Gas Emissions: Annual.

In value terms, essential oils imports totaled $4.6B in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average annual rate of +0.6% over t...

Of the major Allied powers in the early 20th century, the United Kingdom was the largest producer of steel until the 1920s, before French output rose after the First World War following the transfer of Alsace-Lorraine and occupation of German territories, and then the Soviet Union's steel production rose significantly in the 1930s. Trends in steel production heavily follow those of iron production, and steel was instrumental for the industrialization and war effort of each respective country. When output from the Allied countries is compared with Axis countries in this period, Germany was the largest steel producer in Europe by a large margin and had the highest steel output in almost every year.

Proved oil reserves refer to the quantity of oil that is available in a certain area, and has at least a 90 percent chance of being extracted for use. Reserves, along with production and demand, are the three most important factors when oil prices are being set, and certain countries or companies can use their proved reserves to have some control over international prices. Development of the U.S. oil industryToday, the United States is the largest oil producer in the world, but it is outside of the top 10 in terms of its reserves. In the early 1900s, the U.S. overtook the Russian Empire as the world's largest oil producer, as oil booms in Texas and California, as well as heightened demand during the progression of industrialization, saw the industry grow exponentially. Apart from a dip during the Great Depression, the volume of U.S. reserves grew throughout the first half of the 20th century, although the growth of oil industries elsewhere in the world, particularly in the Middle East, saw the OPEC bloc emerge as the most influential force in the global oil pricing. The exploration of major oil fields in Alaska saw U.S. reserves spike in 1970, before both reserves and output fell in the final decades of the 20 th century. The U.S.'s position as the world's largest consumer of oil meant that it has been a net importer since WWII - however, the development of the unconventional oil industry in the 2010s has put the United States on course to become a net exporter in the 2020s.

During the early 20th century, Germany was the largest producer of steel of Europe's Axis powers by a significant margin, and was also the largest steel producer in Europe when compared to Allied and neutral countries. The Austro-Hungarian Empire was the second largest producer of the Axis powers in Europe, before output fell drastically following its dissolution, and then Italy emerged as the second largest steel producer within the group. Iron and steel output among the other Axis nations was much lower in comparison; in the 1930s German trade with Eastern European countries had a significant impact on their economic structure, and the demand for agricultural products from these regions was much greater than the demand for metals.