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China's Top Crude Oil Suppliers: A Two-Decade Transformation (2000–2024)
China's crude oil imports have grown at a compound annual growth rate (CAGR) of 9.0%, surging from 1.4 million barrels per day (bpd) in...
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Feb 41 min read
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Top Crude Oil Suppliers to the U.S. (1975–2024): Canada's Dominance Over OPEC
In the 12 months ending November 2024, U.S. crude oil imports averaged 6.58 million barrels per day (Mb/D)—35% lower than the peak levels...
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Feb 41 min read
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Canada Supplied 61% of U.S. Crude Oil Imports in 2024, Reaching a Record 4.0 Mb/D
In the 12 months ending November 2024, U.S. crude oil imports from Canada reached a record 4.0 million barrels per day (Mb/D), accounting...
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Feb 21 min read
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China's Crude Oil Import Sources in 2024
China's crude oil imports have surged from 1.4 million barrels per day (bpd) in 2000 to an unprecedented 11.1 million bpd in 2024,...
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Feb 21 min read
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Russia Becomes China's Top Crude Oil Supplier in 2024 with 2.19 Mb/D, Surpassing Saudi Arabia's 1.55 Mb/D
Russia, Saudi Arabia, Malaysia, and Iraq supplied 57.5% of China’s crude oil imports in 2024. In 2024, Russia exported 2.19 million...
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Jan 271 min read
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U.S. and Euro Area GDP Growth Gap Expected to Narrow by 2026
IMF projections indicate that U.S. annual GDP growth will decline from 2.8% in 2024 to 2.7% in 2025 and 2.1% in 2026. Meanwhile, the Euro...
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Jan 271 min read
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China's Crude Oil Imports Reach 11.1 Mb/D in 2024, Down 1.9% from 2023
China's crude oil imports averaged 11.1 million barrels per day (Mb/D) in 2024, reflecting a modest 1.9% decline from 11.3 Mb/D in 2023....
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Jan 241 min read
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U.S. $57 Billion Fuels Trade Surplus in 2023 vs. EU $455 Billion Deficit and China's $435 Deficit
The following key trends are highlighted: United States: Historically had a fuels trade deficit, which began improving significantly...
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Jan 41 min read
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Oil-to-Gold Price Ratio Reaches Historic Low: 0.85 Grams per Barrel in November 2024, Down 32% from Pre-Bretton Woods Era
The oil-to-gold price ratio has experienced significant fluctuations since the collapse of the Bretton Woods system in the early 1970s,...
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Jan 41 min read
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Surging Fuel Imports Drive EU Imports from the U.S.
Following Russia's invasion of Ukraine, European sanctions on Russian energy commodities significantly increased EU imports of fuels and...
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Jan 41 min read
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Malaysia Surpasses Saudi Arabia as China’s Second-Largest Crude Oil Supplier
In October 2024, China imported 1.78 million barrels per day (Mb/d) of crude oil from Malaysia, making it the second-largest supplier...
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Jan 41 min read
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Russia Overtakes Saudi Arabia as China’s Top Crude Supplier Since Mid-2023
In the first nine months of 2024, Russia exported 2.16 million barrels per day of crude oil to China, exceeding Saudi Arabia exports by...
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Jan 41 min read
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Crude Oil Production Value as a Share of Global GDP (1973–2024)
In 2023, crude oil production value accounted for 2.3% of global GDP, with an estimated 2.2% in 2024, both below the long-term average of...
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Jan 41 min read
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Semiconductors Rival Crude Oil in Global Trade
In 2023, Global Trade (Exports + Imports) in Integrated Circuits and Semiconductors Reached $2.5 Trillion, Closing in on the $2.7...
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Jan 41 min read
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Global Natural Gas Production (2023)
Natural Gas Production in Billion Cubic Feet per Day
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Jan 31 min read
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Comparing Crude Oil Production: U.S. States vs. Global Producers (2023)
Texas Produced 5.51 Million Barrels Per Day of Crude Oil in 2023, Surpassing All Countries Except Russia and Saudi Arabia
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Jan 31 min read
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Top Suppliers of Crude Oil to China (2023)
China has played a significant role in the global economy and energy market, contributing to 28% of global economic growth and accounting...
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Jul 21, 20243 min read
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Energy: The Main Driver of India's Trade Deficit
Fossil Fuels and Products Accounted for an Average of 64% of India’s Goods Trade Deficit Over the Last Ten Years.
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Jun 24, 20241 min read
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Winners of EU Sanctions Against Russia
In 2022 and 2023, the European Union significantly reduced its crude oil imports from Russia, decreasing by 81%. This sharp decline was...
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Jun 12, 20241 min read
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