Petroleum & Other Liquids

Energy in Brief articles

How dependent are we on foreign oil?

The United States relied on net imports (imports minus exports) for about 40% of the petroleum (crude oil and petroleum products) that we consumed in 2012. Just over half of these imports came from the Western Hemisphere. Our dependence on foreign petroleum has declined since peaking in 2005.

Who are the major players supplying the world oil market?

The world oil market is complicated. Companies are often thought of as the primary actors in this market, but governments play a large role as well.

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Petroleum Explained

Why are gasoline prices higher in some regions than in others?

Although price levels vary over time, average retail gasoline prices are often highest in certain States or regions. Besides taxes, there are other factors that contribute to regional and even local differences in gasoline prices.

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Biofuels: Ethanol and Biodiesel Explained

What are biofuels?

"Biofuels" are transportation fuels like ethanol and biodiesel that are made from biomass materials. These fuels are usually blended with the petroleum fuels — gasoline and diesel fuel, but they can also be used on their own. Using ethanol or biodiesel means we don't burn quite as much fossil fuel. Ethanol and biodiesel are usually more expensive than the fossil fuels that they replace, but they are also cleaner-burning fuels, producing fewer air pollutants.

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drilling rigDrilling Productivity Report

Released April 14, 2014 | Next Release: May 12, 2014

The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil and natural gas wells to provide estimated changes in oil and natural gas production for six key fields.

Photo image used for U.S. Crude Oil and Natural Gas Proved Reserves report.U.S. Crude Oil and Natural Gas Proved Reserves

Released April 10, 2014

Proved reserves are volumes of oil and natural gas that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions.

man looking through binoculars at a mountain range Short-Term Energy Outlook

Released April 8, 2014 | Next Release: May 6, 2014

EIA's monthly energy projections through 2015. Includes oil supply and consumption projections and price projections for crude oil, gasoline, diesel, and heating oil. The Market Prices and Uncertainty Report is a regular monthly supplement to the Short-Term Energy Outlook.

Annual Energy Outlook 2014 cover Annual Energy Outlook 2014

Release Dates: April 7-30, 2014 | Next Early Release Date: December 2014

Projections in the Annual Energy Outlook 2014 (AEO2014) Reference case focus on the factors that shape U.S. energy markets through 2040.

Photo image of refinery at night.Petroleum Marketing Monthly

Released April 1, 2014

Monthly price and volume statistics on crude oil and petroleum products at a national, regional and state level.

Oil platformPetroleum Supply Monthly

Released March 28, 2014

Supply and disposition of crude oil, petroleum products and other liquids (including ethanol) on a national and regional level. The data series describe production, imports and exports, movements and inventories.

a bus that runs on biodiesel Monthly Biodiesel Production Report

Released February 27, 2014

The Monthly Biodiesel Production Report provides data on operations of the U.S. biodiesel industry.

image of two crude oil barrelsThe Availability and Price of Petroleum and Petroleum Products Produced in Countries Other Than Iran

Released February 27, 2014

This is the latest in a series of reports to Congress on the availability and price of petroleum and petroleum products produced in countries other than Iran in the 60-day period preceding the submission of the report.