Distillate and jet fuel contribute to record U.S. petroleum product exports in 2024
In 2024, U.S. exports of total petroleum products increased to a record 6.6 million barrels per day (b/d) annual average. Annual U.S. petroleum product exports increased by 495,000 b/d as U.S. exports of distillate fuel oil, typically sold as diesel, and jet fuel increased compared with 2023, while exports of total motor gasoline decreased. Imports of major petroleum products, including gasoline, distillate fuel oil, and jet fuel, decreased by 210,000 b/d in 2024 compared with 2023.
Five petroleum product pipelines were completed in the United States in 2024
In 2024, pipeline companies completed five pipeline projects to transport petroleum liquids in the United States, according to our recently updated Liquids Pipeline Projects Database. The five projects consisted of three hydrocarbon gas liquid (HGL) pipelines and two petroleum product pipelines.
State Energy Data System: Total petroleum products, petroleum coke, and other petroleum products through 2023
(Fri, 18 Apr 2025) Annual state-level estimates of consumption, prices, and expenditures for total petroleum products, petroleum coke, and other petroleum products through 2023.
Refinery closures and rising consumption will reduce U.S. petroleum inventories in 2026
In 2026, we forecast that inventories of the three largest transportation fuels in the United States—motor gasoline, distillate fuel oil, and jet fuel—will fall to their lowest levels since 2000 in our February Short-Term Energy Outlook.
Petroleum liquids supply growth driven by non-OPEC+ countries in 2025 and 2026
We forecast that worldwide production of petroleum and other liquids in 2025 and 2026 will grow more in non-OPEC+ countries than in OPEC+ countries in our February Short-Term Energy Outlook (STEO). We estimate that total world petroleum and other liquids supply increased by about 0.6 million barrels per day (b/d) in 2024 and will increase by 1.9 million b/d in 2025 and 1.6 million b/d in 2026. Increasing crude oil production from four countries in the Americas—the United States, Guyana, Canada, and Brazil—drives this growth. Because of ongoing production restraint among OPEC+ countries, we forecast the group’s production to grow
Petroleum Supply Monthly
(Fri, 29 Nov 2024) Supply and disposition of crude oil and petroleum products on a national and regional level. The data describe production, imports and exports, movements, and inventories.