June 14, 2019
U.S. imports of crude oil from members of the Organization of the Petroleum Exporting Countries (OPEC) in March 2019 totaled 1.5 million barrels per day (b/d), their lowest level since March 1986, based on data in EIA’s Petroleum Supply Monthly. U.S. crude oil imports from OPEC members have generally fallen over the previous decade as domestic crude oil production has increased.
The U.S. is set to become the world’s biggest provider of liquefied natural gas. The country is seeing booming gas production, and consumption is only expected to keep climbing.
West Texas' booming Permian Basin is churning out more oil than believed and pushing U.S. crude output even higher than the federal government estimates, according to a new report Thursday.
Your hard work makes it possible for America to lead the world in oil and natural gas production.
Did You Know?
Today is Flag Day! Did you know most flags are made of nylon and nylon is made from petroleum, which is produced right here in Texas? Your hard work makes it possible for America to lead the world in oil and natural gas production.