OPEC Monthly Oil Market Report – August 2017
Graph 8 - 2: US exports of crude and petroleum products
In May, the
top two suppliers
to the US
maintained the same order as April. Canada remained the premier
crude supplier to the US, accounting for 43% of total US crude imports. Volumes in May increased by
217 tb/d compared to the previous month. Saudi Arabia was again the second-largest supplier to the US in
May, with a share of 13% and an average of 1 mb/d. Venezuela was in third position, accounting for 8% of
total US crude imports, although its exports to the US fell by 104 tb/d, or 13%, from the previous month.
crude imports from OPEC Member Countries
dropped in May from the previous month by 91 tb/d or
41%. Overall they accounted for almost 41% of total US crude imports. On the other hand, US product
imports from OPEC Member Countries were stable last month and on an annual basis. In terms of product
supplier share, Canada and Russia maintained their position as first and second supplier to the US,
accounting for a 25% and 14% share, respectively. Canada’s product exports to the US in May were higher
by 19 tb/d and Russia’s volumes were up by 39 tb/d, compared to the previous month. South Korea was the
third-largest product supplier to the US, although its exports to the US fell by 16 tb/d from a month earlier.
Focussing on regions, in May,
US crude oil imports
from North America were the highest again, averaging
3.6 mb/d. Latin America was in second position with 2.1 mb/d in May. While the Middle East was third, with
an average of 1.9 mb/d. Additionally, imports from Africa were up from last month to average 610 tb/d, while
no imports from Asia were registered.
In terms of
Crude imports by PADD,
the highest crude imports to PADD 1 on the East Coast came from
Africa, with an average of 473 tb/d, followed by imports from North America that averaged 261 tb/d. PADD 2
imports were largely from North America and stood at 2.4 mb/d in May, up by 77 tb/d from the previous
month. PADD 2 also saw a small quantity of imports, around 45 tb/d, from the Middle East. PADD 3 sourced
imports from both Latin America and the Middle East, although on a monthly basis imports from the
Middle East increased by 18 tb/d while imports from Latin America dropped by 21 tb/d. PADD 4 covers its
total requirements from North America and averaged 250 tb/d in May. For PADD 5 on the West Coast,
imports came from Latin America and the Middle East, with the two regions exporting 448 tb/d and 438 tb/d,
respectively, in May.
Table 8 - 1: US crude and product net imports, tb/d
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.
Jul 17/Jun 17
Total crude and products
Sources: US Energy Information Administration and OPEC Secretariat.