The Energy Information Administration projects that U.S. 3 Since 2015, imports have remained fairly steady at approximately 10 million barrels per day, but exports have continued to increase, from 4.7 million barrels per day in 2015 to 7.6 million barrels per day in early-mid-2018. From 2005 to 2015, the United States’ reliance on petroleum imports fell from 60% to 25% of total consumption, 6 while exports increased by over 300%. The recent increase in domestic oil production, especially since 2010, has had a significant impact on U.S. petroleum exports are Mexico and Canada, but the U.S. exported roughly 7.5 million barrels of petroleum per day. imported roughly 10.2 million barrels of petroleum per day, 3 with the largest amounts coming from Canada (41%) and Saudi Arabia (10%). In the third quarter of 2018, crude oil accounted for approximately one quarter of all U.S. has begun exporting a significant quantity of crude oil, due largely to high domestic oil production. 2,3 However, in the last few years, the U.S. 3 Because of the country’s extensive refining capabilities, particularly near major ports on the Gulf Coast, refined products have historically made up the vast majority of U.S. is crude oil (70-80% of total petroleum imports, varying slightly from year to year). Most of the petroleum imported by the U.S. In 2017, imports provided 19% of the country’s demand for petroleum. Overall, the United States imports more than it exports, making it a net importer of petroleum. The United States both imports and exports petroleum (a broad term that includes crude oil and refined products such as gasoline, diesel and jet fuels, and other products “petroleum” and “oil” are sometimes used interchangeably 1) in various quantities depending on cost and demand.