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Canada top oil supplier, Venezuela in fourth place oil supplier to US in June : EIA


Petroleumworld
CARACAS
Petroleumworld.com 08 30 07


Canada was the top supplier of oil to the United States in June, while Venezuela is in fourth place. Canada's exporting an average of 1.852 million b/d of crude and 2.3 million b/d of both crude and refined products, and Venezuela deliver 1.098 million
b/d, down from 1.232 million b/d in May, according to preliminary data from the U.S. Energy according to preliminary data from the US Energy Information Administration.

The EIA, the statistics arm of the US Department of Energy, revised
upward the May figures for Canada to 1.821 million b/d of crude and 2.462
million b/d of both crude and products. Preliminary data for May had shown
crude imports from Canada falling to 1.774 million b/d from 1.909 million b/d
in April and total crude and products imports falling to 2.34 million b/d from
2.479 million b/d in April, platts reported.

Saudi Arabia held onto second position in the crude import rankings,
although volumes fell to 1.501 million b/d from 1.574 million b/d in May.

Mexico remained in third place with 1.392 million b/d of crude, down from
1.461 million b/d in May, and Venezuela in fourth place, with 1.098 million
b/d, down from 1.232 million b/d in May.

Although Nigeria held on to fifth place on the crude import ladder, its
volumes remained well below 1 million b/d for the third consecutive month. In
March, Nigeria supplied an average of 1.29 million b/d. But volumes fell back
to 891,000 b/d in April, 882,000 b/d in May and 893,000 b/d in June.

Political and social unrest in the Niger Delta, where most of Nigeria's
oil is produced, has led to large volumes of crude being shut in as a result
of attacks on oil facilities.

The EIA data show that the top five suppliers accounted for 68% of US
crude imports in June while the top ten sources -- including Iraq, Algeria,
Angola, Kuwait and Ecuador -- accounted for about 88%.

Total crude imports averaged 9.924 million b/d in June, down 368,000 b/d
from May, the EIA said. The June figure for total imports has been revised
upward to 10.292 million b/d from a preliminary figure of 10.208 million b/d,
the data suggests.

Petroleumworld 29 08 07

Copyright© 2007 Petroleumworld. All rights reserved.

 

 

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