Charts & Analysis

Regularly updated with new charts and explanations that help make sense of a complex and ever-changing industry. Brought to you by the experts at API. Come back regularly for new content. For questions please contact: press@api.org.

U.S. crude oil, NGL, & natural gas production rose to record levels in March

U.S. crude oil and NGL production rose by a combined 632 kb/d from February levels and were up 811 kb/d from a year ago. Meanwhile, dry natural gas production rose by 2.3 bcf/d to 107.3 bcf/d.

New Mexico and Texas lead U.S. crude oil production increases since 2019

U.S. crude oil production grew by 1.29 million barrels per day (mb/d) between January 2019 and February 2025.

California’s refining capacity continues to fall

The number of refineries operating in California has fallen from 23 in 2000 to 14 at the beginning of 2024, according to the latest data from U.S. EIA.

Crude oil production in Mexico set to fall as drilling activity scales back

Mexico’s oil production has declined by 160 kb/d (8%) between October 2024 and April 2025, as the number of oil drilling rigs has tumbled by 60%.

The U.S. exported a record amount of LNG to Europe in early 2025

In the first two months of the year, 65% of all U.S. LNG shipments went to the EU or UK, up from an average of 48% in 2024.

The U.S. primarily imports heavy crude oils from Canada and Mexico

The U.S. imported 6.6 million barrels per day (mb/d) of crude oil in 2024, with over 60% classified as heavy crude.

2024 was a record year for U.S. oil and natural gas exports, going to over 100 different destinations

The share of U.S. oil and natural gas production that is exported has been on the rise over the past decade as domestic production increased.

India set to overtake China as leading contributor to global oil demand growth

Since 2000, China has accounted for 44% of global oil demand growth, with domestic consumption more than tripling. However, India’s oil demand growth outpaced China’s in both 2022 and 2024.