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原油基本知识——Why does the United States have such a large inuence on the global oil market?

时间:2025-06-10

The United States has a predominant inuence on the oil market 


for several reasons. First, it is the biggest oil consumer in the world. 


According to the BP Statistical Review of World Energy 2022, in 


2021, its petroleum consumption reached an average of 18.684 


million bpd.


Secondly, it’s also one of the leading oil importers with up to 8.478 


million barrels imported a day, making it a major inuencing factor 


in global supply and demand. Thirdly, as a superpower, the United 


States wields considerable inuence in energy geopolitics2. Lastly, 


the United States has very sophisticated oil shale technologies that 


briey made the country import-oil-independent in 2019 (though 


shale oil production has declined since then due to COVID-19).


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