OIL IMPORTS AND US ENERGY POLICYOIL IMPORTSOil & Gas Journal
America’s Crude Oil Exports by Top States The two leading export states (Texas and Louisiana) accounted for 99.1% of crude oil exports sold by all American petroleum-shipping states during 2024. Listed below are all 21 US states that shipped crude oil during 2024. Within parenthesis is the ...
Unipec said earlier this year it expects to trade up to 300,000 barrels per day (bpd) of U.S. crude oil by the end of the year, about triple its trading volume of U.S. oil last year. China's crude oil imports from the United States reached an average of 334,880 bpd in the fi...
India has been importing oil from the US to diversify away from the Middle Eastern Crudes. However, the weak oil demand, with attendant supply glut and contest for market share are reshaping global energy politics. This article examines the extent to which increasing oil imports from the US ...
On the exports side, the US shipped $117 billion worth of crude petroleum oil in 2022. That dollar amount results from a 143.5% advance compared to $48.1 billion in 2021 and a 68.9% acceleration from $138.5 billion during 2018. The product-specific trade balance resulting from America’s bu...
Exports rose 2.2% to $171.9 billion on a surge in shipments of soybeans, but imports rose more — up 3.2% to $239 billion — led by purchases of crude oil, cars and auto parts. The U.S. deficit with the rest of the world in the trade of goods such as airplanes and...
In January, the share of Russian crude rose to 28% of India’s oil imports— up from just 0.2% before Moscow’s invasion of Ukraine. Indian officials have defended those purchases by saying it’s their job to find bargains for their citizens. And Jaishankar, the foreign minister, has ...
The right questions can lead you to the right advisor, no matter your budget. Julie PinkertonMay 14, 2025 Stocks and the U.S.-China Trade Truce The future of the U.S.-China tariff war is unclear, but in the next three months, some stocks may benefit mor...
President Donald Trump's administration largely has resisted calls from scientists and others for swift, large-scale action to cut the burning of oil, natural gas and coal to stave off the worst of climate change. The administration pulled the U.S. out of the Paris climate accord an...
BAN ON RUSSIAN OIL HURT MOSCOW? The impact on Russia would likely be minimal. The United States imports a small share of Russia’s oil exports and doesn’t buy any of its natural gas. Last year, roughly 8% of U.S. imports of oil and petroleum products came from Russia. Together, ...