US Crude Oil Exports Drop 3% in 2025, First Annual Decline Since 2021
According to BOE Report, US crude oil exports decreased 3% in 2025 to 4.0 million barrels per day, marking the first annual decline since 2021 despite record domestic production of 13.6 million bpd. The Energy Information Administration reported that exports to Europe dropped 7% as OPEC production replaced US volumes, while Asian shipments plummeted with 75% fewer exports to Singapore and 89% to China. More US crude stayed domestic, flowing to refineries and the Strategic Petroleum Reserve.
What It Means for Subcontractors
- Domestic pipeline, storage, and refinery projects may see increased activity as more oil stays onshore rather than heading to export terminals
- Export-focused construction and maintenance work at Gulf Coast terminals could slow, while inland infrastructure projects may accelerate
- Field service companies supporting domestic drilling operations should expect continued strong demand given record production levels, even with reduced export activity
