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

Lorimer Wilson May 24, 2022 Comments Off on U.S. Imports 43% Of Its Crude Oil & Petroleum Product Consumption 1,735 Views

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.

(The above visualization used data from the Energy Information Administration (EIA) to compare U.S. crude oil and refined product imports with domestic crude oil production, and broke down which countries the U.S. imported its oil from in 2021.)

…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…