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.
Petroleum Marketing Monthly
(Fri, 01 Nov 2024) The November 2024 Petroleum Marketing Monthly, with data through August 2024, presents monthly and annual price and volume statistics for crude oil sales in the United States.
Most U.S. petroleum coke is exported
Annual production of U.S. petroleum coke (petcoke) has remained relatively unchanged over the past 10 years (2014-23), averaging 46 million tons according to our analysis of U.S. Census Bureau data. Most U.S. petroleum coke is exported. The United States exported approximately 41 million tons in 2023, slightly more than the 10-year average for total petcoke exports of 40 million tons.