Sunday, September 7, 2008

Crude Oil, Petroleum Imports

Crude Oil and Total Petroleum Imports Top 15 Countries
Monthly data on the origins of crude oil imports in June 2008 has been released and it shows that two countries exported more than 1.40 million barrels per day to the United States.
Including those countries, four countries exported over 1.00 million barrels per day of crude oil to the United State s (see table below).

The top five exporting countries accounted for 65 percent of United States crude oil imports in June while the top ten sources accounted for approximately 86 percent of all U.S. crude oil imports. The top sources of US crude oil imports for June were Canada (1.883 million barrels per day), Saudi Arabia (1.479 million barrels per day), Mexico (1.124 million barrels per day), Venezuela (1.085 million barrels per day), and Nigeria (0.946 million barrels per day). The rest of the top ten sources, in order, were Iraq (0.693 million barrels per day), Angola (0.636 million barrels per day), Brazil (0.280 million barrels per day), Algeria (0.269 million barrels per day), and Russia (0.228 million barrels per day). Total crude oil imports averaged 9.994 million barrels per day in June, which is a increase of (0.337) million barrels per day from May 2008. Canada remained the largest exporter of total petroleum in June, exporting 2.359 million barrels per day to the United States, which is an increase from last month (2.346 thousand barrels per day). The second largest exporter of total petroleum was Saudi Arabia with 1.493 million barrels per day.

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