OPEC Monthly Oil Market Report – October 2017
Graph 8 - 2: US exports of crude and petroleum products
As a result,
total US net imports declined by 1.4 mb/d to average 4 mb/d,
down from last year by
Table 8 - 1: US crude and product net imports, tb/d
In July, the top first and second suppliers to the US maintained their positions from last month. Canada
premier crude supplier
to the US, accounting for 41% of total US crude imports despite a
drop in monthly volumes of 129 tb/d. Saudi Arabia was again the second-largest supplier to the US in July,
though its exports also dropped by 220 tb/d. Iraq came as third-top supplier, accounting for 10% of total US
crude imports, after increasing its volumes by 186 tb/d, or 10%, from a month before.
Total crude imports
OPEC Member Countries
dropped in July from the previous month by 129 tb/d,
or 4%, accounting for 41% of total US crude imports. US
from OPEC Member Countries
went down by a slight 8 tb/d, or 1%, from one month ago. Canada and Russia maintained their positions as
first- and second-top product suppliers to the US, accounting for 26% and 14%, respectively. Canada
product exports to the US were lower in July by just 6 tb/d, while Russian volumes were down by 133 tb/d
from a month ago. Algeria came as the third-largest supplier to the US, increasing its volumes from one
month earlier by 38 tb/d.
US crude imports by region
, North America averaged 3.2 mb/d in July, making it the top region
followed by Latin America, which stood at 2.1 mb/d in July. The Middle East came in third with an average of
1.8 mb/d. Imports from Africa declined from one month earlier to stand at 622 tb/d, while no imports from
Asia were registered in July.
Note: *Others: Contains natural gas liquids, liquefied refinery gases (LRG's), other liquids and all finished petroleum products except
gasoline, jet fuel/kerosene, fuel oil and propane/propylene.
Sources: US Energy Information Administration and OPEC Secretatiat.
Sep 17 Sep 17/Aug 17
Total crude and products
Sources: US Energy Information Administration and OPEC Secretariat.