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Petroleum

The United States produces a large share of the petroleum it consumes, but it uses imports to help supply domestic and international markets

In 2019, the United States produced about 19.25 million barrels per day (MMb/d) of petroleum, and it consumed about 20.46 MMb/d. Imports from other countries help to supply domestic demand for petroleum. Some of the crude oil that the U.S. imports is refined by U.S. refineries into petroleum products (such as gasoline, heating oil, diesel fuel, and jet fuel) that the U.S. exports. Some of imported petroleum may be stored and subsequently exported.


Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, and plastics; the 16% not used for energy production is converted into these other materials. more....


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