US oil imports from Latin America down 236,000 bpd

Jul 02, 2010 02:00 AM

The US imported 236,000 bpd less oil from Latin America on average over the first four months of this year in comparison to the same period in 2009, according to figures released by investment bank Barclays Capital.
Among the region's oil exporters, only Colombia and Trinidad and Tobago saw supplies to the US increase in the January-April period. Colombian exports were up by 55,000 bpd year-on-year, while the Caribbean country supplied around 8,000 bpd more.

US imports from Mexico were down 143,000 bpd over the period, as were exports from Brazil (77,000 bpd), Ecuador (55,000 bpd) and Venezuela (25,000 bpd).
On a global scale, Mexico continues to be the region's biggest supplier to its northern neighbour. Over 1.1 mm bpd crossed the border on average during April, making Mexico the US's third biggest supplier. Venezuela fell behind Nigeria as the fifth biggest exporter to the US, while Colombia is now the US's eighth biggest foreign oil supplier.

According to Barclay’s estimates, Latin America provided 59 % of the heavy crude imported by the US during April. Mexico and Venezuela were respectively the second (25 %) and third (22 %) largest heavy crude exporters to the US during the month, behind Canada.
Brazil and Colombia were fourth and fifth largest suppliers, respectively.

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