Crude Petroleum: United States

Report Overview

This report forecasts to 2023 and 2027 US crude petroleum demand and production in barrels (where one barrel is equivalent to 42 gallons). Total demand is segmented by type in terms of: non-biofuels and biofuels. Total production is segmented by type as follows: crude oil and lease condensates; natural gas plant liquids; biofuels; and other liquids (such as drip gases; liquid hydrocarbons produced from gilsonite, oil sands, oil shale, and tar sands; and non-hydrocarbons produced with oil, such as sulfur and various metals).

To illustrate historical trends, total demand, total production, the various segments, and trade are provided in annual series from 2012 to 2022.

The terms crude oil and crude petroleum are used interchangeably throughout this report; demand and consumption are also used synonymously. Natural gas plant liquids (NGPL) should not be confused with liquefied natural gas (LNG), which is excluded from the scope of this report.

Key macroeconomic indicators are also provided with quantified trends. Other various topics, including profiles of pertinent leading companies, are covered in this report. A full outline of report items by page is available in the Table of Contents.

Related NAICS Codes:
211120 Crude Petroleum Extraction
211130 Natural Gas Extraction
213111 Drilling Oil and Gas Wells
213112 Support Activities for Oil and Gas Operations
324110 Petroleum Refineries
325193 Ethyl Alcohol Manufacturing
424710 Petroleum Bulk Stations and Terminals
424720 Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
447110 Gasoline Stations with Convenience Stores
447190 Other Gasoline Stations
486110 Pipeline Transportation of Crude Oil
486910 Pipeline Transportation of Refined Petroleum Products

Table of Contents

• Historical Trends
• Key Economic Indicators
• Trade
• Environmental & Regulatory Factors
• Global Overview

• Crude Oil & Lease Condensate
• Natural Gas Plant Liquids (NGPL)
• Biofuels
• Other Liquids

• Industry Characteristics
• Production Share

• Scope
• Sources
• Industry Codes
• Freedonia Methodology
• Resources

• Figure 1 | Key Trends in US Crude Petroleum Demand & Production, 2022 - 2027
• Figure 2 | US Crude Petroleum Demand Trends, 2012 - 2022
• Figure 3 | US Crude Petroleum Production Trends, 2012 - 2022
• Table 1 | Key Indicators for US Crude Petroleum Demand & Production, 2012 - 2027 (2012US$ bil)
• Figure 4 | US Crude Petroleum Trade, 2012 - 2022 (mil bbls)
• Table 2 | US Crude Petroleum Trade, 2012 - 2022 (mil bbls)
• Table 3 | US Crude Petroleum Trade, 2012 - 2022 (mil bbls)
• Figure 5 | Global Crude Oil Proved Reserves by Country, 2021 (%)
• Figure 6 | Global Petroleum & Other Liquids Production by Country, 2021 (%)
• Figure 7 | US Crude Petroleum Demand by Product, 2012 - 2027 (bil bbls)
• Table 4 | US Crude Petroleum Demand by Product, 2012 - 2027 (mil bbls)
• Figure 8 | US Crude Petroleum Demand by Product, 2012 - 2027 (%)
• Figure 9 | US Crude Oil & Liquids Production by Market, 2012 - 2027 (bil bbls)
• Table 5 | US Crude Oil & Liquids Production by Market, 2012 - 2027 (mil bbls)
• Figure 10 | US Crude Oil & Liquids Production by Market, 2012 - 2027 (%)
• Figure 11 | US Crude Oil & Lease Condensate Production w/ Motor Vehicles in Use, 2012 - 2027
• Figure 12 | US Natural Gas Plant Liquids Production w/ Natural Gas Production, 2012 - 2027
• Figure 13 | US Biofuels Production w/ Refined Petroleum Products Production, 2012 - 2027
• Figure 14 | US Crude Petroleum Prices, 2012 - 2027 (US$/bbl)
• Table 6 | US Crude Petroleum Prices, 2012 - 2027 (US$/bbl)
• Figure 15 | US Crude Petroleum Extraction Revenue Concentration, 2017
• Figure 16 | US Crude Petroleum Production Share by Company, 2021 (%)
• Table 7 | NAICS & SIC Codes Related to Crude Petroleum