U.S. crude oil imports from Guyana surged to record levels in 2024, with January and February seeing the highest monthly volumes on record at 5.4 million and 6.6 million barrels, respectively. This is according to data from the U.S. Energy Information Agency (EIA).
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This is a notable rise from previous years due to Guyana’s expanding oil output from ExxonMobil-led developments in the Stabroek Block.
The upward trend began in 2020 when monthly imports were comparatively low, peaking at 3.1 million barrels in December. By September 2021, monthly shipments had already surpassed 5 million barrels, continuing to rise through 2022 and 2023, with December 2023 recording 4.5 million barrels.
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The first recorded figure for 2025—4.3 million barrels in January—suggests sustained high demand for Guyana’s crude in the U.S. market.
A fierce competition had emerged between the U.S. and Europe for Guyanese oil.
In January this year, 20 crude lifts were taken from ExxonMobil’s Stabroek Block, each approximately one million barrels. Fifteen of these went to Europe, with seven to the Netherlands, and others to Spain (1), Italy (3), Sweden (2), Romania (1), and the UK (1). Five lifts went outside Europe, with three to Panama, one to Brazil, and one to Aruba. Data from Vessel Finder, Marine Traffic, and Maritime Optima confirms these destinations.
