U.S. Imports 43% Of Its Crude Oil & Petroleum Product Consumption

Despite being the world’s largest oil producer, the U.S. still imported more than 3 billion barrels of crude oil and petroleum products in 2021, equal to 43% of the country’s consumption and making it the world’s second-largest importer of crude oil behind China as illustrated in the infographic below from visualcapitalist.com. 

…While Russia only makes up 8% of American petroleum product imports, their 254 million barrels will need to be replaced as both countries ceased trading soon after Russia’s invasion of Ukraine…