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Petroleum Devolopments
Figure - 7
US tight oil production and oil rig comt
(Million b/d)
3.Oil Trade
USA
In November 2015, US crude oil imports increased by 166 thousand
b/d or 2.3% comparing with the previous month level to reach 7.4 million
b/d, whereas US oil products imports decreased by 69 thousand b/d or 4%
to reach about 1.6 million b/d.
On the export side, US crude oil exports decreased by 40 thousand
b/d or 7.9% comparing with the previous month level to reach about 475
thousand b/d, whereas US products exports increased by 59 thousand b/d or
1.5% to reach 3.9 million b/d. As a result, US net oil imports in November
2015 were 79 thousand b/d or nearly 1.7% higher
than the previous month,
averaging 4.6 million b/d.
Canada remained the main supplier of crude oil to the US with 38%
of total US crude oil imports during the month, followed by Saudi Arabia
with 13%, then Venezuela with 11%. OPEC Member Countries supplied
38% of total US crude oil imports.
Japan
In November 2015, Japan’s crude oil imports increased by 138 thousand
b/d or 4% comparing with the previous month to reach 3.3 million b/d. And
Japan oil product imports increased by 8 thousand b/d or 1.4% comparing
with the previous month to reach 578 thousand b/d.
On the export side, Japan’s oil products exports decreased in November
2015, by 31 thousand b/d or 5% comparing with the previous month,
averaging 562 thousand b
/d.Asa result, Japan’s net oil imports inNovember
2015 increased by 177 thousand b/d or 6% to reach 3.3 million b/d.
Saudi Arabia was the big supplier of crude oil to Japan with a share
of 46% of total Japan crude oil imports, followed by Kuwait with 9% and
Russia with 8% of total Japan crude oil imports.