Gulf Oil and Gas accountACCOUNT

US Oil Trade - May 2017

Source: OPEC 5/18/2017, Location: North America

Share |
Preliminary data shows that US crude oil imports in April went up to average 8.2 mb/d, which is an increase of 250 tb/d from the previous month and 579 tb/d from last year. Y-t-d, US crude imports in April were 311 tb/d higher.

US product imports were down from the previous month by 223 tb/d and from the previous year by 232 tb/d.

US product exports were 158 tb/d lower than a month ago to average 4.8 mb/d. On an annual comparison, product exports were 240 tb/d higher than the previous year.

As a result, US total net imports rose in April by 180 tb/d, or 4%, to average 4.6 mb/d.

In February, the top first and second suppliers to the US maintained the same order as previously seen. Canada was the prime crude supplier to the US with a share of 44% of total US crude imports, slightly lower than January, by 22 tb/d, to average 3.5 mb/d. Saudi Arabia came in as the second-biggest supplier to the US with no significant change in its exports from the previous month, exporting 1.3 mb/d to the US in February. Venezuela came in as the third-largest supplier, accounting for 9% of total US crude imports. Similarly, Venezuela exports to the US were lower in February from the previous month by 25 tb/d.

Total crude imports from OPEC Member Countries were down in February from the previous month by 403 tb/d, or 11%, accounting for 40% of total US crude imports. US product imports from OPEC Member Countries rose by 55 tb/d from the previous month and were 12 tb/d higher than the previous year. As for the product suppliersí shares, Canada and Russia maintained their positions as first and second suppliers to the US, accounting for 31% and 13%, respectively. Algeria came in as the third-biggest supplier to the US, holding a share of 7%, which an increase of 44 tb/d from the previous month.

US crude imports by region registered no major changes in February 2017 as seen before. The largest crude import volumes in the US came from North America, averaging 3.5 mb/d, followed by the Middle East, which averaged 2 mb/d in February. Latin America came in as the third region with an average of 1.95 mb/d. Imports from Africa dropped from one month ago to average 387 tb/d in February.

As for crude imports by PADD, in PADD 1, on the East Coast, imports dropped by 177 tb/d from Africa and by 92 tb/d from North America. Imports from PADD 2 were mostly sourced from North America, which stood at 2.5 mb/d, up by 90 tb/d from January. PADD 3 sourced its largest imports from Latin America, followed by the Middle East. Imports from both regions dropped by 165 tb/d and 28 tb/d, respectively, in February.

PADD 4 imported 270 tb/d from North America, a decrease of 55 tb/d from the previous month. In PADD 5, on the West Coast, the highest imports came from the Middle East, averaging 430 tb/d in February, followed by imports from Latin America and North America, which averaged 363 tb/d and 227 tb/d, respectively.

Oil News in United States >>

Azerbaijan >>  5/23/2017 - Azerbaijanís oil supply forecast for 2017 remained unchanged with a contraction of 70 tb/d to average 0.78 mb/d, while oil production in 2016 declined...
Kuwait >>  5/23/2017 - Oil producers agree they need to do whatever is necessary to restore balance to the crude market but any decision on output cuts must satisfy all part...

Russia >>  5/23/2017 - Russia has kept its top spot as oil supplier to China, beating Saudi Arabia for the second month in row, as independent refiners scooped up more volum...
Iran >>  5/21/2017 - Iranís key Indian client, Essar Oil received about eight percent more oil from Iran in the first four months of this year which recorded about 150,700...

United States >>  5/18/2017 - Preliminary data shows that US crude oil imports in April went up to average 8.2 mb/d, which is an increase of 250 tb/d from the previous month and 57...
Egypt >>  5/17/2017 - Russia's largest oil producer Rosneft and Italian energy company Eni have signed an agreement to broaden cooperation, including in possible joint oil ...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 |

More News

 

Oil & Gas Companies in United States >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.