In 2024, the United States' oil exports reached 115 billion US dollars, ranking second among American exporters. The United States' oil exports reached a record high in 2024. As Europe strives to "reduce its reliance on Russia", the purchase volume of oil and gas from the United States is increasing. The position of the United States oil suppliers in the global crude oil market should not be underestimated. 

In 2024, the combined daily export volume of crude oil and petroleum-related products (including petrochemical raw materials and liquefied petroleum gas, etc.) from the United States was 9.91 million barrels, an increase of 420,000 barrels (4%) compared with the previous year, setting a new historical record. Due to the Russia-Ukraine conflict, Europe has reduced its imports from Russia and turned to products from the United States.

According to Tendata Global Trade Data, the Following are The Top 10 Largest Buyers of The United States Oil Suppliers:

1. India：$22,493.61 million(51.52% )

2. Chile：$6,007.32 million(13.76% )

3. Ecuador：$4,151.50 million(9.51% )

4. Argentina：$3,586.54 million(8.21% )

5. Peru：$2,865.22 million(6.56% )

6. Vietnam：$1,561.84 million(3.58% )

7. Venezuela：$590.64 million(1.35% )

8. Nigeria：$341.12 million(0.78% )

9. Pakistan：$297.07 million(0.68% )

10. Paraguay：$291.21 million(0.67% )

According to the data, the United States' oil exports are highly concentrated. The customer base for US oil exports is centered on India, with Latin America as the focus and emerging markets in Asia as potential directions. The market pattern is both concentrated and diverse, providing US oil suppliers with opportunities for both stability and expansion. 

According to Tendata, the Following Companies are the Largest United States Oil Suppliers in 2024:

1. VITOL ASIA PTE LTD : $3,375.90 million, 7.73%

Vitol is one of the world's largest independent energy traders and has a huge supply of oil in the US market. Its powerful global procurement and distribution network enables it to flexibly allocate resources to meet the stable and diverse oil demands of the United States.

2. CHEVRON-F: $2,155.65 million, 4.94%

Chevron, as a domestic energy giant in the United States, maintains a strong supply advantage in the US market by relying on its well-established upstream extraction and downstream refining and chemical capabilities. With its brand and long-term customer base, Chevron holds an irreplaceable position in the US energy structure.

3. OCCIDENTAL OIL ASIA PTE LTD : $1,661.16 million, 3.80%

Occidental excels in crude oil extraction and the chemical industry chain. Its supply in the US market is not only stable but also can form a good interaction with downstream industries. The company's strength in the development of oil and gas resources in the Americas has enabled it to occupy a certain share in the domestic supply market.

4. EQUINOR ASA : $1,527.42 million, 3.50%

Equinor, as a state-owned energy company of Norway, enjoys a cross-border supply advantage in the US market. Its technical experience in deepwater oil fields and natural gas resources has helped it successfully enter the US oil supply chain and remain competitive.

5. N A : $1,517.54 million, 3.48%

This is supply data without disclosing the specific names of enterprises, which may come from small trading companies or temporary transactions.

6. GUNVOR SINGAPORE PTE LTD : $1,229.99 million, 2.82% 

Gunvor is one of the world's leading independent oil and energy traders, and its supply in the United States mainly relies on its purchasing capabilities in Asia and the Middle East. Its cross-regional layout enables it to effectively meet the demand for energy diversification in the US market.

7. TARTAN OIL LLC  : $1,017.51 million, 2.33%

The Oil export of Tartan Oil LLC is mainly to Mexico.

8. EQUINOR ASA FORMERLY STATOIL ASA  : $960.55 million, 2.20%

This is another supplier of Equinor in the US market, which may involve its subsidiaries in the Americas or post-merger business.

9. TRAFIGURA TRADING LLC: $891.03 million, 2.04%

Trafigura, as one of the world's four major independent commodity traders, is also active in the US market.

10. EXXONMOBIL-F: $798.27 million, 1.83%

Exxonmobil is one of the world's largest oil companies and has an extremely strong supply capacity in the United States.

From the data, it can be seen that large multinational energy companies, relying on their advantages in the industrial chain and brand, occupy a core position. International independent traders have enhanced the supply resilience of the US market through their global procurement and distribution networks. Overall, the United States' oil imports come from a wide range of sources. It not only relies on domestic giants for stable supply but also diversifies its energy sources through international traders.

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