Annual U.S. crude oil exports decrease for first time since 2021
AI Analysis
Summary
Annual U.S. crude oil exports in 2025 decreased 3% from 2024, the first annual decrease since 2021. Exports decreased to Europe and the Asia and Oceania region, the two top regional destinations for U.S. crude oil. Despite fewer crude oil exports, U.S. crude oil imports decreased by more. Overall, U.S. net imports of crude oil—total imports minus total exports—decreased from 2.5 million barrels per day (b/d) in 2024 to 2.2 million b/d in 2025.
Annual U.S. crude oil exports in 2025 decreased 3% from 2024, the first annual decrease since 2021. Exports decreased to Europe and the Asia and Oceania region, the two top regional destinations for U.S. crude oil. Despite fewer crude oil exports, U.S. crude oil imports decreased by more. Overall, U.S. net imports of crude oil—total imports minus total exports—decreased from 2.5 million barrels per day (b/d) in 2024 to 2.2 million b/d in 2025.