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OPEC

U.S. Petroleum Imports from OPEC Have Fallen Since 2000

OPEC began a week-long meeting in Vienna yesterday. The oil cartel has agreed to cut production by per day, with the exception of Iran. As of today, the U.S. is a net oil exporter for the first time in 75 years, meaning the amount of crude oil the United States exports exceeds the country's imports.

According to the , since 2000 the U.S. was importing over 5 million barrels of petroleum products per day from OPEC countries. In 2017 that has fallen to just above 3 million barrels of petroleum products per day, a roughly 35 percent drop in imports.

Description

This chart shows U.S. petroleum imports from OPEC countries from 2000 to 2017 in thousands of barrels per day.

U.S. petroleum imports from OPEC countries 2000-2024
Share of U.S. petroleum imports from OPEC countries 2000-2024
Petroleum imports into the U.S. by country 1985-2024
Petroleum imports into the U.S. 2000-2024
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