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The United States accounts for **** percent of global crude oil production, making it the largest oil producing country in the world. Crude oil production includes crude oil, shale oil, oil sand and NGLs (natural gas liquids: liquid content of natural gas in which the condensate is recovered separately). It excludes liquid fuels from other sources such as biomass and coal derivatives.

Global crude oil supply

Apart from the United States, Saudi Arabia and Russia are among the world’s largest producers of crude oil, each accounting for a share around **Ìý±è±ð°ù³¦±ð²Ô³Ù. Saudi Arabia's oil production has amounted to roughly barrels of oil per day for the past few years. Unsurprisingly, these countries are also some of the world’s largest oil consumers. Saudi Arabia consumes around ** barrels per day, while the U.S. uses about barrels.

U.S. oil trade

In the past, the U.S. relied heavily on oil imports from OPEC member countries like Saudi Arabia. However, due to an increase in domestic production output following technological advances, U.S. crude oil imports decreased by over one third since 2005. Conversely, U.S. petroleum exports skyrocketed, reaching ** barrels per day in 2024.