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Blog - Crude Petroleum

Petroleum Exports From U.S. Decline to $122.7 Billion in 2023
Petroleum Exports From U.S. Decline to $122.7 Billion in 2023
Nov 4, 2024
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During the period analyzed, Petroleum exports reached a peak of 213 million tons in 2018. However, from 2019 to 2023, exports were consistently lower. In terms of value, Petroleum exports saw a significant drop to $122.7 billion in 2023.
Lyondell Houston Oil Refinery Shutting Down: Major U.S. Refinery Closure
Lyondell Houston Oil Refinery Shutting Down: Major U.S. Refinery Closure
Nov 2, 2024
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LyondellBasell announces the Houston refinery closure by 2025, reflecting a broader shift in the U.S. oil industry towards renewable energy and electric vehicles.
The Largest Import Markets for Processed Petroleum Oils and Distillates
The Largest Import Markets for Processed Petroleum Oils and Distillates
Jun 4, 2024
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Explore the top import markets for processed petroleum oils and distillates in the global market. Learn about key statistics and numbers that drive this industry.
United States Sees 16% Drop in Petroleum Exports, Dipping to $121 Billion in 2023
United States Sees 16% Drop in Petroleum Exports, Dipping to $121 Billion in 2023
May 27, 2024
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During the period analyzed, Petroleum exports peaked at 213 million tons in 2018. However, from 2019 to 2023, there was a lack of growth in exports. The value of petroleum exports also saw a significant decline, reaching $121 billion in 2023.
Price of Petroleum Drops to $591/ton in US
Price of Petroleum Drops to $591/ton in US
Sep 4, 2023
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In June 2023, the Petroleum price was $591 per ton (FOB, US), experiencing a decrease of 5.2% compared to the previous month.
Which Country Imports the Most Petroleum Resins, Coumarone-Indene Resins in the World?
Which Country Imports the Most Petroleum Resins, Coumarone-Indene Resins in the World?
Jul 26, 2018
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In value terms, petroleum resins, coumarone-indene resins imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; however,...
Which Country Exports the Most Petroleum Resins, Coumarone-Indene Resins in the World?
Which Country Exports the Most Petroleum Resins, Coumarone-Indene Resins in the World?
Jul 26, 2018
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In value terms, petroleum resins, coumarone-indene resins exports totaled $X in 2016. Overall, petroleum resins, coumarone-indene resins exports continue to indicate a pronounced downturn. Over the...
Petroleum Market - USA Becomes the Leading Exporter of Petroleum
Petroleum Market - USA Becomes the Leading Exporter of Petroleum
Dec 2, 2016
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The global petroleum trade amounted to X million USD in 2015, showing strong fluctuations over the period under review. A X% drop in 2009 was followed by recovery over the next four years, until exports decreased again.
Petroleum Market - the U.S. Petroleum Consumption to Grow Robustly, Set Against Price Turbulence and Increased Stocks
Petroleum Market - the U.S. Petroleum Consumption to Grow Robustly, Set Against Price Turbulence and Increased Stocks
Sep 8, 2016
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Prices on the USA oil products market have been falling in recent years, against tangible fluctuations in the price margin (the difference between the selling price of petroleum products and the crude oil price). The mid-2015 transient margin's increas
Petroleum Market - U.S. Petroleum Export Value Shrank Dramatically, Following Plummeting Oil Prices
Petroleum Market - U.S. Petroleum Export Value Shrank Dramatically, Following Plummeting Oil Prices
Jul 18, 2016
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The U.S. owns a X% share (based on USD) of global petroleum exports, tied for first place in the world together with Russia (X%). In 2015, the U.S. exported X billion USD, X% under the previous year. Overall, from X