Canada and Saudi Arabia were the two largest oil suppliers to the US exporting more than one million barrels per day (b/d) in June, the Energy Information Administration (EIA) said in a statement on Tuesday.
Canada remained the largest exporter of total petroleum products to the US; exporting 3.8 million b/d while Saudi Arabia followed as the second largest with 1.2 million b/d, the EIA said.
Petroleum products include not only crude oil but gasoline, diesel fuel, heating oil, jet fuel, chemical feedstock, asphalt, biofuels (ethanol and biodiesel), and other products.
According to the EIA, the top five source countries of US gross petroleum imports in 2019 were Canada, Mexico, Saudi Arabia, Russia, and Colombia.
The top five exporting countries; Canada, Saudi Arabia, Mexico, Colombia and Iraq accounted for 90% of US crude oil imports in June. Approximately 97% of all US crude oil imports came from the top five exporters along with Ecuador, Nigeria, Russia, Norway and Angola.
Total US crude oil imports averaged 6.4 million b/d in June, marking an increase of 310,000 b/d from imports during May 2020, the EIA data showed.
In 2019, the US imported about 9.10 million b/d of petroleum from nearly 90 countries while the country exported about 8.57 million b/d of petroleum to about 190 countries and four US territories.
The US has 43.8 billion barrels of proved crude oil reserves as of year-end 2018, according to the IEA’s report in December 2019.
By Sibel Morrow