In June, preliminary data shows that US crude oil imports increased by 322 tb/d from the previous month to average 8 mb/d. On an annual basis, US crude imports were up 650 tb/d from a year earlier.
US product imports increased by 221 tb/d, or 10%, to average 2.5 mb/d on m-o-m, and increased by 204 tb/d, or 9%, y-o-y. Year-to-date, crude imports increased by 543 tb/d while product imports were almost flat.
US product exports in June went up by 150 tb/d, or 4%, to average 3.8 mb/d from the previous month. On annual comparison, product exports show a drop of 436 tb/d, or 10%.
As a result, US total net imports rose 281 tb/d in June to average 6.1 mb/d, up by 5% from the previous month and up 24% from a year earlier.
In April, Canada remained the top supplier as seen earlier, accounting for 40% of total US crude imports, although the country’s exports to the US were lower by 8% or 262 tb/d from a month earlier. Saudi Arabia came in as the second-largest supplier to the US, holding a share of 15% of total crude imports, while Venezuela was thirdlargest with a share of 10%. Imports from Saudi Arabia were 126 tb/d lower, while imports from Venezuela dropped from the previous month by 32 tb/d.
Crude imports from OPEC Member Countries dropped in April from the previous month by 180 tb/d, or 6%. Imports from OPEC Member Countries accounted for 41% of total US crude imports. At the same time, US product imports from OPEC Member Countries dropped as well from a month before - by 45 tb/d to stand at 260 tb/d and representing a share of 12% of total products imported by the US.
As to the product supplier share, Canada and Russia maintained their positions as first and second suppliers to the US with shares of 24% and 21%, respectively. Imports from Canada were lower than in the previous month, while imports from Russia increased by 47% or 144 tb/d. The UK came in third in product supplies to the US with deliveries up by 24 tb/d from the previous month.
As for US crude imports by region, in April crude imports from North America averaged 3 mb/d. North America continued to be the top region for US crude imports. Latin America came in as the second-highest source of imports to the US with deliveries averaging 2.1 mb/d in April, while the Middle East was third with an average of 1.8 mb/d. Imports from Africa increased from the previous month to stand at 551 tb/d, while imports from Asia remained stable.
As to crude imports by PADD, in PADD 1 the largest crude imports to the East Coast were sourced from Africa with an average of 349 tb/d. Imports from North America were lower by 21 tb/d, or 9%. Crude imports from Latin America to PADD 1 went up by 19 tb/d from a month before to average 196 tb/d. PADD 2 imports were almost covered from North America as they averaged 2 mb/d in April, down by 282 tb/d from a month before. PADD 2 imported 88 tb/d from the Middle East. PADD 3 mainly imports crude oil from Latin America and the Middle East. Imports from both regions dropped from March by 132 tb/d and 121 tb/d, respectively. PADD 4 imports from North America dropped slightly by 6 tb/d to average 243 tb/d. In PADD 5 on the US West Coast, the largest imports came from the Middle East followed by imports from Latin America which averaged 494 tb/d and 294 tb/d, respectively, in April.