Global oil & gas intelligence · 2025 data · 2026 tape

Who produces, who ships, who pays.

The world burned 103 million barrels a day last year. Meridian is the atlas of production, seaborne trade, prices and the national accounts that live on those barrels — with a live map of every corridor still on the water, and a private desk for the wells that are yours.

Brent$107.8WTI$103.2Dubai$105.4TTF$14.6 /MMBtuHenry Hub$3.4JKM$15.8VLCC AG–CN$6.4 /bblGasoil crack$24

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Meridian Desk. Your wells, on the same globe.

Drop a well or field on the live map. Working interest, decline, offtake and cash at today's Brent stay in a private book — never on the public choropleth.

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The map

Every seaborne barrel, live.

GPU globe of crude, LNG and products. Arc width is barrels. Node colour is utilisation. Filter the molecule, toggle 2025 against this September, watch the vessels move.

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USRUCNINNLSAAUVEJPQA
Corridors
70 seaborne routes
Infrastructure
107 nodes
Molecules
Crude · LNG · products

Oil demand 2025

103 mb/d

1.3% vs 2024

Last full calendar year. Non-OECD +2%.

US liquids

21.1 mb/d

0.95× Saudi + Russia

Crude, condensate and NGLs. The non-OPEC swing.

LNG trade

410 bcm

US 90 bcm · 27% y/y

Seaborne gas. US and Qatar set the 2028–30 wave.

Import dependence

73–86%

China 73%, Europe 75%, India 86% of oil burned.

Atlas

Colour the world by the barrel that matters.

Coverage: 173 economies, 98 mb/d of oil production. Hover a country for the trade sankey. Click for the dossier.

Inflows and outflows

Gold leaves. Steel arrives.

Hover a country for the sankey. Gold leaves, steel arrives. Crude and LNG on the same globe.

CAUSNLCNGYMXINVEJPSA
OutflowInflowCrudeLNG

United States outflows 3.74 mb/d crude, 127 bcm LNG. Inflows 6.25 mb/d crude, 0 bcm LNG.

United States

Trade on the board

Crude out
3.74 mb/d
Crude in
6.25 mb/d
LNG out
127 bcm
LNG in
0 bcm

CanadaUnited States · 4.08 mb/d now.

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Demand 2015–2025

China added the barrels. OECD did not.

Global oil demand 103 mb/d in 2025. China’s gasoline and diesel have been falling for two years; petrochemicals still add. India imported 86% of what it burned.

Supply

The US almost equals Saudi plus Russia.

US liquids 21.1 mb/d — 0.95× Saudi + Russia. Shale is the swing. OPEC is the seaborne book.

The stack

Who lifts the liquids.

United States

21.1

21% of 2025 liquids

Crude, condensate and NGLs. Shale is the swing.

Saudi Arabia

11.4

11% of 2025 liquids

OPEC+ anchor. The seaborne swing when Gulf loadings move.

Russia

10.7

11% of 2025 liquids

Eastward reroute. Urals to India, ESPO to China.

Canada

6.2

6% of 2025 liquids

Oil sands into the US Midwest. Largest single crude corridor on earth.

Iran

5.2

5% of 2025 liquids

Second-largest gas producer. South Pars is the other Gulf giant.

Iraq

4.4

4% of 2025 liquids

A budget that is a Basra loading programme.

China

4.2

4% of 2025 liquids

Produces a quarter of what it burns.

UAE

4.2

4% of 2025 liquids

Murban and Fujairah. The federation’s seaborne light.

2025

The last full year on the tape.

US liquids

+1.1 mb/d

21.1 mb/d of crude, condensate and NGLs — almost equal to Saudi Arabia and Russia combined. The non-OPEC swing.

Saudi crude

+5.1%

Middle East still the seaborne spine — the loadings that set Dubai and the VLCC list.

Oil demand

+1.3% to 103

Non-OECD +2%. China gasoline and diesel have been falling for two years; petrochemicals still add barrels.

US LNG

+27%

Largest LNG exporter. The 2028–30 wave of US and Qatari trains is already in the capital stock.

Gas demand

+1.6%

Below the 10-year average. Europe, the Middle East and North America grew; Asia-Pacific was flat.

Import dependence

73–86%

China, Europe and India imported 73%, 75% and 86% of the oil they burned. Seaborne trade is the fiscal nerve.

Trade

Who sells oil. Who buys it.

Million barrels per day, 2025. Click through for gas, LNG and fiscal rent.

Next

Three oil futures. One physical market this quarter.

Current Policies, Stated Policies and Net Zero 2050 disagree on oil after 2030. They agree that the Americas, LNG and emerging Asia decide the next decade.

IEA OMR Sep 2026IEA WEO 2025EI Statistical Review 2026