SEATTLE (Oil Monster): Annual crude oil exports from the United States declined in 2025, marking the first yearly drop since 2021, even as domestic production reached a new record. According to recent data, U.S. crude exports fell by 3% year on year, totaling 4.0 million barrels per day (b/d) in 2025.
The decline was mainly driven by reduced shipments to Europe and the Asia and Oceania region, traditionally the largest destinations for U.S. crude. Despite the fall in exports, U.S. crude imports also dropped, resulting in net crude imports declining from 2.5 million b/d in 2024 to 2.2 million b/d in 2025.
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U.S. crude exports have expanded significantly since the early 2010s, supported by rising production, infrastructure development, and the removal of export restrictions in 2015. In 2025, production climbed 3% to a record 13.6 million b/d, although a larger share of the supply was directed to domestic refineries and stockpiles, including the Strategic Petroleum Reserve.
Exports to Europe fell by about 7%, while shipments to China and Singapore dropped sharply. However, imports increased in India, Japan, and Nigeria, supported partly by rising demand from the Dangote Refinery.
