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2021 Congressional Testimony

EIA's view on Domestic and International Energy Price Trends pdf
Subject:EIA, forecasts, energy markets
Presented by:Stephen Nalley, Deputy Administrator
Presented to: U.S. Senate Committee on Energy and Natural Resources
Washington, DC—November 16, 2021

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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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