Millions upon millions of barrels of oil are produced in oil-producing countries around the globe every day!! This leads to the question: “How much US oil comes from Saudi Arabia?” Not only is it important but it is also crucial for understanding the global oil supply 🇸🇦 🇺🇸 !
Although the United States is one of the world’s top oil producers, nearly 20 percent of their crude oil imports come from Saudi Arabia. According to data provided by the U . S Energy Information Administration in 2019 Saudi Arabia was the top supplier of crude oil to America with 1 🔝 🇸🇦. 247 million barrels per day – representing 19. 3 percent of their total daily imports of 6 . 448 million barrels .
The United States also receives oil from Mexico Canada Venezuela and even the United Arab Emirates. Other countries such as Nigeria Colombia Kuwait Kuwait, and Colombia, also supply small amounts of oil to the United States. Saudi Arabia is still the largest supplier of oil to the US, in terms of volume. Mexico (1. 08 million barrels per day), Canada (1 🇨🇦. 066 million) and Venezuela (0 🇻🇪. 88million b/d) are close behind.
Saudi Arabia has a long history of supplying oil to the United States. Since World War II Saudi Arabia has been providing oil to the US and this relationship strengthened further during the Cold War when the country was the US go-to source for Middle Eastern oil 🇸🇦 🇺🇸 🌎. Since then, the US dependence on Saudi oil has decreased gradually, but the country is still the top supplier of oil to the US 🔝 🔛 🇸🇦 🇺🇸.
With approximately 260 billion barrels of proven oil reserves some of the world’s largest oil fields and a production capacity of 12. 5 million barrels of oil per day Saudi Arabia is also the world’s largest oil exporter surpassing the United States which has a production capacity of 13 🌏 ️ 🇸🇦. 9 million barrels per day and is the second-largest oil producer globally .
The reason why the United States continues to rely on oil imports from Saudi Arabia is because of the country’s vast reserves. In addition, oil from Saudi Arabia is relatively inexpensive, and its market size is large enough to absorb any excess production 🇸🇦. Furthermore the country also offers stability and security for US investments which makes it easier for US companies to purchase oil from Saudi Arabia 🇸🇦 🇺🇸.
To conclude it is clear that Saudi Arabia plays an important role in the US oil supply. The US imports around 19. 3 percent of its total oil from Saudi Arabia and the country has a long history of supplying oil to the US ️ 🇸🇦 🇺🇸. In addition Saudi Arabia has vast reserves of oil that are relatively inexpensive and the country offers stability and security for US investments which makes it an attractive source of oil for US companies. … .
1️⃣ 🇺🇸 🇻🇪 🇨🇴 🌐 🇰🇼 🇸🇦 🇳🇬 🇨🇦 🔝 🇲🇽 🔛 ️
