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  • Today In Energy article

    U.S. crude oil exports reached a record in 2023

    This TIE was updated on 3/18/24 to correct the units of measurement in the third chart.

    annual U.S. crude oil exports
    Data source: U.S. Energy Information Administration, Petroleum Supply Monthly and Petroleum Supply Annual

    U.S. crude oil exports established a record in 2023, averaging 4.1 million barrels per day (b/d), 13% (482,000 b/d) more than the previous annual record set in 2022. Except for 2021, U.S. crude oil exports have increased every year since 2015, when the U.S. ban on most crude oil exports was lifted.

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    U.S. energy facts explained