Preliminary data for November shows that US crude oil imports increased to an average of 7.4 mb/d, up by 173 tb/d from the previous month and 60 tb/d from one year ago. On a y-t-d basis, imports were down in November by 52 tb/d.
US monthly product imports declined in November by 73 tb/d or 4% to average 1.6 mb/d. In an annual comparison, they declined by 80 tb/d.
Meanwhile, US product exports in November reached a total of 3.9 mb/d, up by 56 tb/d from a month ago. Annually, product exports were higher by 100 tb/d or 3%.
As a result, US total net imports were higher by 86 tb/d than the previous month to average 4.6 mb/d, though showing a drop of 71 tb/d from the year before.
In September, the first and second lead suppliers to the US maintained the same order as seen the previous month, with Canada holding its top position, accounting for 45% of total US crude imports, though monthly volumes dropped by 126 tb/d from the previous month. Saudi Arabia kept its spot as second-largest supplier to the US in September, though its exports also declined in September from the previous month by 143 tb/d or 14%. Venezuela came in as the third-top supplier, accounting for 11% of total US crude imports with a drop from a month before by 23 tb/d or 3%.
Crude imports from OPEC Member Countries rose in September from one month earlier by 98 tb/d or 4%, accounting for 36% of total US crude imports. US product imports from OPEC Member Countries in September were almost stable from the previous month, up by a slight 6 tb/d or 2%. Canada and Russia maintained their positions as first and second product suppliers to the US, accounting for 24% and 16%, respectively, though exports from both countries were slightly lower in September. The United Kingdom was the third-top US supplier, increasing exports by 41 tb/d or 29% from the previous month.
US crude imports by region were broken down as follows in September: those from North America topped the chart with an average of 3.3 mb/d, followed by Latin America and the Middle East, which came in as second- and third-top regions with 2.2 mb/d and 1.3 mb/d, respectively. Imports from North America were higher than the same month a year ago, while imports from Latin America and the Middle East were lower annually.
Regarding crude imports by PADD: the highest imports to the East Coast in PADD 1 were sourced from North America at 195 tb/d, followed by Africa, which averaged 192 tb/d. Crude imports from Africa were higher in September by 47 tb/d or 32% m-o-m, while those from North America dropped by 86 tb/d. Imports from PADD 2 were also mainly sourced from North America, averaging 2.1 mb/d, though this figure is lower than the previous month’s number of 112 tb/d. The Middle East only exported 38 tb/d to PADD 2 in September. PADD 3 mainly sourced its imports from Latin America, followed by the Middle East and North America. Imports to PADD 3 were down from Latin America and OECD Europe. As seen before, PADD 4 continued to import only from North America, averaging 280 tb/d in September, down by 41 tb/d from the month before. In PADD 5, imports to the West Coast increased from the Middle East and West Africa over the previous month, while imports from other regions declined from the month before.