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Crude Oil Imports Continue to Decline; Increasingly from non-OPEC Countries
23 January 2016
As domestic oil production has risen, U.S. imports have fallen from a maximum of 5 million barrels in 2005 to 3.37 million barrels in 2014. Imports from non-OPEC countries also continue to rise, averaging 2% annually since 1993. In 1993, crude oil imports were almost evenly split between non-OPEC and OPEC countries; the share in 2015 for non-OPEC countries is up to 71.5%.
