In December, preliminary data shows that US crude oil imports increased to average 7.9 mb/d, a rise of 516 tb/d from the previous month and up by 647 tb/d from the same month a year before. Y-t-d, preliminary data shows no difference in US crude imports in December.
US monthly product imports increased in December to average 1.8 mb/d from last month’s level, while on an annual basis, they were 369 tb/d, or 17%, lower than in 2014. Y-t-d, product imports went up by 8%. US product exports were 48 tb/d higher than a month ago, to average 4 mb/d, while y-o-y, they were lower than a year ago by 491 tb/d, or 11%. As a result, US total net imports increased by 640 tb/d in December to average 5.2 mb/d.
In October, the top first and second suppliers to the US maintained the same order as seen last month. Canada remained the premier crude supplier to the US, accounting for 38% of total US crude imports, yet Canada showed a drop in its exports to the US by 329 tb/d or 10%. Saudi Arabia was the second largest supplier to the US in October, increasing its exports to the US by 122 tb/d. Venezuela came in as the third top supplier, accounting for 11% of total US crude imports despite its exports being 78 tb/d lower than the month before.
Crude imports from OPEC Member Countries increased in October from last month, rising by 121 tb/d or 5% and accounting for 38% of total US crude imports. On the other hand, US product imports from OPEC Member Countries declined by 57 tb/d or 22% from last month. As for the product supplier share, Canada and Russia maintained their positions as first and second suppliers to the US, accounting for 27% and 12%, respectively.
In October 2015, US crude imports from North America averaged 3 mb/d, maintaining its status as the top regional supplier, followed by Latin America, which exported 2 mb/d in October to the US. Imports from the Middle East increased by 253 tb/d as it came in as third region with an average of 1.5 mb/d, while imports from Africa were down from last month by 37tb/d.
In PADD 1, US crude imports were lower, mainly from Africa. Imports by PADD 2 declined from both its sources, North America and the Middle East, which were down by 267 tb/d and 28 tb/d, respectively. PADD 3 sourced their imports mainly from Latin America and the Middle East. In October, imports from the Middle East were 27% higher than a month before, while imports from Latin America and North America went down by 137 tb/d and 107 tb/d, respectively. PADD 4, as seen previously, imported only from North America and averaged 306 tb/d in October, up by 26 tb/d from a month before. In PADD 5, the West Coast imported 439 tb/d from the Middle East, equal to its imports of the previous month, while its imports from Africa dropped by 73 tb/d.