U.S. Crude Exports Decline As Markets Shift

Energy shifts influence diesel and fertilizer costs.

Aerial view of the front of a large crude oil tanker ship at sea_Photo by teamjackson via Adobe Stock_1536993330.jpg

Photo by teamjackson via Adobe Stock

WASHINGTON, D.C. (RFD NEWS) — Annual U.S. crude oil exports fell in 2025 for the first time since 2021, reflecting shifting global demand patterns and changes in domestic utilization, according to the Energy Information Administration.

U.S. crude exports averaged about 4.0 million barrels per day in 2025, down 3 percent from 2024, with declines concentrated in Europe and the Asia-Oceania region. Exports to Europe dropped about 7 percent as increased OPEC output displaced U.S. barrels, while shipments to Singapore and China fell sharply, continuing a two-year slide in Chinese purchases.

Despite lower exports, overall U.S. net crude imports declined to roughly 2.2 million barrels per day, with imports falling even more. EIA notes domestic production rose 3 percent to a record 13.6 million barrels per day, with more supply flowing into stock builds, including the Strategic Petroleum Reserve, and U.S. refineries.

Regionally, some destinations increased purchases, with the Netherlands, India, and Japan importing more U.S. crude and Nigeria boosting imports as its Dangote refinery ramped toward full capacity.

Looking ahead, export trends will depend on shifts in global supply, refinery demand, and evolving trade flows.

Related Stories
Winter Weather Shapes Markets and Early Fieldwork Nationwide
Lower oil prices may trim input costs but pressure biofuel demand.
Tight storage could widen basis and limit marketing flexibility.
Cold-driven spikes in gas prices can quickly raise fertilizer and energy costs.
Large carry-in stocks across major crops could limit price recovery in 2026/27 unless demand strengthens or weather-related supply reductions occur.
Stable small business confidence supports rural economies, but lingering cost pressures and uncertainty continue to shape farm-country decision-making.

Tony St. James joined the RFD-TV talent team in August 2024, bringing a wealth of experience and a fresh perspective to RFD-TV and Rural Radio Channel 147 Sirius XM. In addition to his role as Market Specialist (collaborating with Scott “The Cow Guy” Shellady to provide radio and TV audiences with the latest updates on ag commodity markets), he hosts “Rural America Live” and serves as talent for trade shows.

LATEST STORIES BY THIS AUTHOR:

Freight volatility increasingly determines export margins, making logistics costs as important as price in marketing decisions.
China’s beef policy risk stems from domestic volatility, making export demand inherently unstable. Jake Charleston with Specialty Risk Insurance offers his perspective on cattle markets, risk management, and producer sentiment.
Larger grain stocks increase supply pressure, but strong fall disappearance — especially for corn and sorghum — suggests demand remains an important offset.
Record corn and sorghum crops boost feed grain supplies, while reduced soybean and cotton production tighten outlooks for oilseeds and fiber markets.
Lewis Williamson with HTS Commodities joined us to provide analysis on the January WASDE report and expectations for grain markets going forward.
Structural efficiency supports cattle prices and resilience — breaking it risks higher costs and greater volatility.