Which region exports the most oil

In , the United States exported about 8. Also in , the United States produced 2 about Even though in , total U. The United States remained a net crude oil importer in , importing nearly 5. However, some of the crude oil that the U. Also, some of imported petroleum may be stored and subsequently exported. The United States imported about 7. These were the lowest levels of imports of total petroleum and of crude oil since After generally increasing every year from through , U.

Increases in domestic petroleum production and in petroleum exports helped to reduce total annual petroleum net imports every year except one since In , annual petroleum net imports were actually negative at Click to enlarge.

Since , the share of U. Saudi Arabia is also the largest source of U. Petroleum imports from Canada increased significantly since the s, and Canada is now the largest single source of U. Because of logistical, regulatory, and quality considerations, exporting some petroleum is the most economical way to meet the market's needs.

For example, refiners in the U. Gulf Coast region frequently find that it makes economic sense to export some of their gasoline to Mexico rather than shipping it to the U.

East Coast because lower cost gasoline imports from Europe may be available to the East Coast. Petroleum liquids include hydrocarbon gas liquids HGL. The top five destinations of U. Although EIA cannot identify which companies sell imported gasoline or gasoline refined from imported oil, it does publish data on the companies that import petroleum into the United States.

Breakdown by region - Mt. Benchmark countries. Breakdown by energy - Mtoe Loading Global Energy Trends - Edition. Download the publication. Discover this service. India's power deficit declined by 16 p. If you would like to know more about the types of cookies we serve and how to change your cookie settings, please read our Cookie Notice. By clicking the "I accept" button, you consent to the use of these cookies. Saudi Arabia has said it wants to end its "addiction to oil" with far-reaching reforms, and is now restructuring government departments to drive through plans for a post-petroleum era.

Under the programme , called Vision , the kingdom would be prepared for a future that is less dependent on falling oil revenue over the next decade and a half. This chart shows countries by their dependence on exports of fuel commodities, which include natural gas and coal, as well as oil and oil products. Saudi Arabia is ranked 11th. For an idea of which economies rely most heavily on oil, this chart using World Bank data shows oil revenue as a share of GDP. Have you read? Is this the end of big oil?