US crude imports fall 264,000 bpd to 9.657 mm bpd in May
15-07-08 US crude imports averaged 9.657 mm bpd in May, down 264,000 bpd from April's 9.921 mm bpd, the US Energy Information Administration said.
Canada remained top supplier in May but its 1.84 mm bpd represented a drop of 112,000 bpd from May volumes.
Saudi Arabia remained in second place, increasing its crude exports to the US by 126,000 bpd to 1.579 mm bpd from 1.453 mm bpd in April.
Although Mexico retained third place, its volumes fell 143,000 bpd to 1.116 mm bpd, its lowest level since February 2001's 1.058 mm bpd.
Crude imports from Venezuela, at 1.03 mm bpd, were slightly higher than April's 1.019 mm bpd, keeping the country in fourth place.
Imports from Nigeria, where oil installations have been under regular attack by militants in the Niger Delta, plunged by 264,000 bpd to 851,000 bpd, the lowest level since November 2003's 622,000 bpd.
Among the top five producers, declines totalling 519,000 bpd from Canada, Mexico and Nigeria were partly offset by Saudi Arabia's 126,000
bpd increase. The rest of the top 15 producers in May were Iraq, Angola, Algeria, Brazil, Kuwait, Colombia, Ecuador, Russia, Libya and Equatorial Guinea.
"The top 5 exporting countries accounted for 66 % of United States crude oil imports in May while the top 10 sources accounted for approximately 88 % of all US crude oil imports," the EIA, statistics arm of the Department of Energy, said.
Among the top 15 crude suppliers to the US, OPEC exporters accounted for 5.468 mm bpd or 56.62 % of the total volume of crude imported, a slightly lower share than in April, when OPEC exporters among the top 15 suppliers accounted for around 57 % of crude imports totalling 9.921 mm bpd.
Canada, meanwhile, remained top supplier of both crude and refined products, although its May total of 2.254 mm bpd was 269,000 bpd down from April's 2.534 mm bpd.
Source: www.platts.com