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Location of United States petroleum refineries, 2012. The United States petroleum refining industry, the world's largest, is most heavily concentrated along the Gulf Coast of Texas and Louisiana. In 2012, US refiners produced 18.5 million barrels per day of refined petroleum products. [18] Of this amount, 15 percent was exported. [19]
Crude oil made up 24% of production in 2021. [22] Oil has more than doubled from a slump in the early 2000s, even surpassing its previous peak in 1970. Imports have declined during the same time period, but the US still net imports 20% of consumption. [26] The US has been the largest producer of crude oil since 2018, ahead of Saudi Arabia. [4]
US oil production, imports, & exports Oil imports by country US natural gas production, imports, and exports US energy product trade, 2000–2017 Trend of net energy imports into the United States, 1985–2013 Sources of crude oil imports, 1985–2015. United States energy independence is the concept of eliminating or substantially reducing ...
Petroleum refining in the United States in 2024 had a capacity of 18.4 million barrels per day. [2] Although the US was the world's largest net importer of refined petroleum products as recently as 2008, the US became a net exporter in 2010, and in 2014 was the largest exporter and the largest net exporter of refined petroleum. [ 3 ]
The U.S. plans to buy 1.2 million barrels of oil to help replenish the Strategic Petroleum Reserve after it sold off the largest amount ever last year, the Energy Department said on Monday. The ...
Daily oil consumption by region from 1980 to 2006. This is a list of countries by oil consumption. [1] [2] In 2022, the International Energy Agency (IEA) announced that the total worldwide oil consumption would rise by 2% [3] year over year compared to 2021 despite the COVID-19 pandemic. [citation needed]
In 2013, the United States imported 2.808 billion barrels of crude oil, compared to 3.377 billion barrels in 2010. [359] While the U.S. is the largest importer of fuel, The Wall Street Journal reported in 2011 that the country was about to become a net fuel exporter for the first time in 62 years.
Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical ...