United States Oil Reserves, Production and Consumption Statistics (2024)

Summary Table

Barrels Global Rank

Oil Reserves

35,230,000,000 11th in the world

Barrels per Day Global Rank

Oil Production

14,837,640 1st in the world

Oil Consumption

19,687,287 1st in the world

Daily Deficit

-4,849,647

Oil Imports

7,850,000

Oil Exports

591,000

Net Imports

7,259,000

(Data shown is for 2016, the latest year with complete data in all categoreies)

Oil Reserves in the United States

See also: List of countries by Oil Reserves

The United States holds 35,230,000,000 barrels of proven oil reserves as of 2016, ranking 11th in the world and accounting for about2.1% of the world's total oil reserves of 1,650,585,140,000 barrels.

The United States has proven reserves equivalent to 4.9 times its annual consumption. This means that, without imports, there would be about 5 years of oil left (at current consumption levels and excluding unproven reserves).

Oil Reserves

35,230,000,000 barrels

Global Rank: 11th | Share of World: 2.13 %

5 years of oil left
(at current consumption levels)

History of Oil Reserves in the United States

Oil Consumption in the United States

See also: List of countries by Oil Consumption

  • The United States consumes 19,687,287 barrels per day (B/d) of oil as of the year 2016.
  • The United States ranks 1st in the world for oil consumption, accounting for about 20.3% of the world's total consumption of 97,103,871 barrels per day.
  • The United States consumes 2.53 gallons of oil per capita every day (based on the 2016 population of 327,210,198 people), or 922 gallons per capita per year (22 barrels). [1 barrel = 42 US Gallons]

Oil Production in the United States

See also: List of countries by Oil Production

  • The United States produces14,837,640 barrels per day of oil (as of 2016) ranking 1st in the world.
  • The United States produces every year an amount equivalent to 15.4% of its total proven reserves (as of 2016).

Oil Imports

  • The United States imports 37% of its oil consumption (7,259,000 barrels per day in 2016).

History of Oil Consumption and Production

See also

Sources

United States Oil Reserves, Production and Consumption Statistics (2024)
Top Articles
Latest Posts
Article information

Author: Amb. Frankie Simonis

Last Updated:

Views: 5941

Rating: 4.6 / 5 (56 voted)

Reviews: 87% of readers found this page helpful

Author information

Name: Amb. Frankie Simonis

Birthday: 1998-02-19

Address: 64841 Delmar Isle, North Wiley, OR 74073

Phone: +17844167847676

Job: Forward IT Agent

Hobby: LARPing, Kitesurfing, Sewing, Digital arts, Sand art, Gardening, Dance

Introduction: My name is Amb. Frankie Simonis, I am a hilarious, enchanting, energetic, cooperative, innocent, cute, joyous person who loves writing and wants to share my knowledge and understanding with you.