Concentration of U.S. Crude Oil Imports Among Top Five Suppliers
Highest Since 1997
U.S. Navy Watches Over Oil
Source: U.S. Energy Information Administration,- Petroleum Supply
Crude oil imports from the top five foreign suppliers to the United
States—which in 2012 were Canada, Saudi Arabia, Mexico, Venezuela,
and Iraq, in that order—accounted for almost 72% of total U.S. net
crude oil imports, the highest proportion since 1997. The import share of
the top five suppliers increased by 8 percentage points over the past three
years despite a decline in total U.S. import volumes as the United States
reduced its total crude oil imports in response to higher domestic oil
U.S. net crude oil imports from the five countries averaged almost 6.1
million barrels per day (bbl/d) in 2012, even as total U.S. crude oil
imports fell to their lowest level since 1997. Crude oil from the five
countries accounted for a bigger share of overall U.S. net crude oil
imports in 2012 than in previous years, at almost 72%, according to EIA's
Monthly report. That share is up from around 64% in 2009, when the
economic recession resulted in declining U.S. crude oil demand, and the
highest share since reaching almost 73% in 1997. During 2012, Iraq replaced
Nigeria as the fifth-largest supplier of U.S. crude oil imports.
Highlights from the major crude oil supplying countries to the United
States in 2012 included:
Crude oil imports by the United States averaged a record 2.4 million bbl/d,
up 8% from their 2011 level.
Arabia. Crude oil imports averaged almost 1.4 million bbl/d, up 14%
from their 2011 level, and were the highest since 2008.
Crude oil imports of 972,000 bbl/d were down almost 12%, and fell below 1
million bbl/day for the first time since 1994, reflecting the steady
decline in Mexico's crude oil production.
Crude oil imports rose 4% to 906,000 bbl/d, the first increase since 2007.
Venezuela's state oil company sent more crude to U.S. refineries, which
exported more gasoline and other petroleum products back to Venezuela.
oil imports of 474,000 bbl/d were up slightly more than 3% from 2011,
moving Iraq ahead of Nigeria as the fifth-largest oil supplier to the
United States for the first time since 1999. Iraq's crude oil production in
the second half of last year topped 3 million bbl/d for first time since
the end of the Gulf War in 1990.
Crude oil imports of 405,000 bbl/d were down 42% from the year before and
the lowest since 1985. Growing domestic production of light sweet crude oil
of similar quality to Nigerian crude and lower demand for light sweet crude
from United States East Coast refineries contributed to
Note: Iraq replaced Nigeria as the number five supplier