IG10051 — United States Oil
Infographics · published 2024-04-24 · v1 · Active · crsreports.congress.gov ↗
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- Phillip Brown
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IG10051
Summary
/ United States Oil The United States is currently the largest crude oil producer, petroleum products consumer, and the country with the largest amount of crude oil refining capacity. Integrated with global markets through international trade, regional U.S. oil supplies and prices can be affected by geopolitical events, import and export policies, and global supply disruptions. Permian Basin Largest oil production area representing approximately 45% of U.S. crude oil production (Dec. 2023).1 Cushing, Oklahoma Delivery point for NYMEX crude oil futures contract, an international oil price benchmark. Corpus Christi, Texas Largest crude oil export area. Approximately 2.2 million bpd (61% of U.S. total) in 2023.1,2 Petroleum Administration for Defense Districts (PADDs) Organized by the Petroleum Administration for War in the 1940’s, PADDs group U.S. states and the District of Columbia into five districts. PADDs 6 and 7, not shown, include U.S. territories. Previously used to administer federal petroleum policies and programs, PADDs allow for regional oil supply, demand, and trade analysis. Inter-PADD transfers of crude oil, petroleum products, and HGLs utilize various transportation modes (e.g., pipeline, rail, barge, and truck). Production in PADD 3 includes offshore Gulf of Mexico production. Crude oil production includes field condensate. Petroleum products include gasoline, diesel fuel, and aviation fuel. HGLs: Hydrocarbon Gas Liquids include ethane, propane, normal butane, isobutane, and natural gasoline that are in gas phase at atmospheric pressure and in liquid phase under higher pressures and/or colder temperatures. Numbers may not sum due to rounding. Information prepared by Phillip Brown, Specialist in Energy Policy; Calvin DeSouza, Geospatial Information Systems Analyst; and Amber Wilhelm, Visual Information Specialist on April 24, 2024.
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