Crude Oil Market in the United States
In value terms, crude oil production reached $ in . Over the period under review, production, however, showed resilient growth. The growth pace was the most rapid in 2014 with an increase of % against the previous year. Over the period under review, production reached the maximum level in and is likely to see steady growth in the near future.
The value of the crude oil market in the United States was estimated at $ in , stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a buoyant increase. Over the period under review, the market reached the maximum level in and is likely to see steady growth in the near future.