Foreign crude supply concentrated

It’s no secret the jump in US oil production in recent years has dropped imports of foreign crude to the lowest It’s levels since 1997—down 1.3 million b/d in the 4 weeks ended Apr. 19, the latest data available, from the comparable period in 2012. What is not as well known, said Energy Information Administration officials, is US crude imports are now more concentrated among the five biggest outside suppliers—Canada, Saudi Arabia, Mexico, Venezuela, and Iraq, in that order.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home