North America · USA
United States
The swing producer of the 2020s: largest oil producer, largest LNG exporter, and now a data-centre power market.
Oil production
21.1 mb/d
19.4 mb/d demand
Net oil
+1.7 mb/d
Near balance
Gas production
1,035 bcm
Net +115 bcm
O&G rent
0.6%
Share of GDP
Oil balance
Production versus demand, 2025, million barrels per day.
Gas balance
Production versus demand, 2025, billion cubic metres.
Proven oil
45 bn bbl
Gas reserves
15.5 tcm
Refining
18.4 mb/d
LNG
90 bcm export
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil37%
- Gas63%
Inflows and outflows
What leaves. What arrives.
United States outflows 3.74 mb/d crude, 127 bcm LNG. Inflows 6.25 mb/d crude, 0 bcm LNG.
Local crude
WTI Cushing
$103.0
3 January 2026 · Maduro ousted
28 February 2026 · Iran war started
The US print is WTI at Cushing; Brent is the waterborne cousin on the same chart. Hormuz hits Brent first, WTI with a lag and a smaller spike.
All crude tapes and bpd flowsMapped crude
Barrels per day.
Outbound
- Europe (ARA)1.76 mb/d+340 kb/d
- China1.40 mb/d+1.05 mb/d
- India580 kb/d+400 kb/d
Inbound
- Canada4.08 mb/d+160 kb/d
- Guyana790 kb/d+170 kb/d
- Mexico610 kb/d−70 kb/d
- Venezuela560 kb/d+470 kb/d
- Saudi Arabia210 kb/d−170 kb/d
LNG out
- Europe (ARA)42 bcm+14 bcm
- United Kingdom20 bcm+6 bcm
- France16 bcm+6 bcm
- Japan14 bcm+6 bcm
- South Korea13 bcm+4 bcm
- Spain12 bcm+4 bcm
- China10 bcm+4 bcm
LNG in
None mapped.
Economy
Energy is a terms-of-trade tailwind. A $100 Brent prints Gulf Coast cash and Midwest gasoline pain. US electricity demand is set to rise ~2%/yr to 2030 — twice the prior decade — as AI load clusters in a handful of grids.
- GDP
- $30.3 tn
- Population
- 342.0 m
- Oil intensity
- 0.2 bbl /$1k
- Oil & gas rent
- 0.6% GDP
- Hydrocarbon trade
- -1.4% GDP
- Fiscal breakeven
- —
- $30 oil shock
- +0.6 pp GDP
- Club
- Independent
Delivery
On the geopolitical timeline.
2022–2023
AmericasUS LNG becomes Europe’s swing cargo.
US LNG to Europe >60 bcm in the peak crisis year
The United States becomes the EU’s largest LNG supplier. Freeport’s outage, Panama Canal drought and later Gulf Coast freeze-offs all print on TTF. Transatlantic gas is a weather-and-politics market.
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 17.8 mb/d (net +5.4) versus NZE 10.7 mb/d (net +0.9).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 19.4 | 19.0 | 17.8 | 15.1 |
| Net Zero 2050 | 19.4 | 15.9 | 10.7 | 4.3 |
| Current Policies | 19.4 | 19.3 | 18.4 | 16.3 |