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Volume
44
Issue
7
19
Figure - 7
US tight oil production and oil rig count
3.Oil Trade
USA
In April 2018, US crude oil imports increased by 723 thousand b/d or 9.4%
comparing with the previous month level to reach 8.4 million b/d. Whereas US oil
products imports decreased by 175 thousand b/d or 8% to reach about 2 million
b/d.
On the export side, US crude oil exports increased by 155 thousand b/d or 9.1%
comparing with the previous month level to reach 1.9 million b/d, and US products
exports increased by 300 thousand b/d or 6.1% to reach 5.3 million b/d. As a result,
US net oil imports in April 2018 were 93 thousand b/d or nearly 3% higher than the
previous month, averaging 3.3 million b/d.
Canada remained the main supplier of crude oil to the US with 46% of total US
crude oil imports during the month, followed by Saudi Arabia with 10%, then Iraq
with 9%. OPEC Member Countries supplied 33% of total US crude oil imports.
Japan
In April 2018, Japan’s crude oil imports remained stable at the same previous
month level of 3.2 million b/d. Whereas Japan oil products imports decreased
by 193 thousand b/d or 27.9% comparing with the previous month to reach 499
thousand b/d.