$17 Billion In US Oil Imports From 5 Arab Countries In 2024
Economy | 05:11 - 07/02/2025 Mawazine News – Economy A new report by the Energy Research Unit revealed, on Friday, the amount of oil imports to the United States, which amounted to $17 billion from 5 Arab countries.
The report showed that US oil imports increased in 2024, with 5 Arab countries, led by Saudi Arabia and Iraq, accounting for 9% of the total imports of the world's largest crude oil consumer.
According to the Energy Research Unit report, US crude oil imports increased by 1.5% year-on-year, to reach 2.36 billion barrels (6.45 million barrels per day) during 2024.
The report stated that the volume of US oil imports from Saudi Arabia, Iraq, Libya, the Emirates and Kuwait amounted to nearly 208 million barrels, representing 8.8% of total US imports during the past year.
According to data collected by the Energy Research Unit, the value of US imports from the aforementioned Arab countries amounted to nearly $17.1 billion during 2024. According to the new report, we review the list of the largest Arab oil exporters to the United States during 2024, as follows:
1. Saudi Arabia: 98.14 million barrels.
2. Iraq: 70.51 million barrels.
3. Libya: 16.99 million barrels.
4. UAE: 14.22 million barrels.
5. Kuwait: 7.83 million barrels.
Arab oil exports to the United States from the 5 countries recorded 192 million barrels, equivalent to $16 billion during the first 11 months of 2024, according to periodic data collected by the Energy Research Unit on January 8, 2025. https://www.mawazin.net/Details.aspx?jimare=259416