Although sum U.S. wanton oil imports in 2015 continued to be reduce than levels reached during a mid-2000s, imports from a United States’ tip unfamiliar oil supplier—Canada—were a tip on record, according to annual trade information from EIA’s Petroleum Supply Monthly. Canada supposing 4 out of each 10 barrels of oil alien into a United States in 2015.
U.S. sum wanton oil imports from all sources averaged 7.4 million barrels per day (b/d) in 2015, down 27% given a 2005 high of 10.1 million b/d. As sum wanton oil imports decline, a flourishing share of remaining imports are being sourced from 4 tip suppliers: Canada, Saudi Arabia, Venezuela, and Mexico. Canada, America’s largest wanton oil retailer given 2004, sent a record-high 3.2 million b/d of sum wanton oil exports to a United States in 2015, adult 10% from a year before, accounting for a record 43% of sum U.S. wanton oil imports. Canada also receives scarcely all U.S. wanton oil exports, creation adult 422,000 b/d, or 92%, of a 458,000 b/d of wanton oil exported from a United States in 2015.
Canada generally produces heavy, green wanton oil that is well-matched to estimate ability in a United States, where many refineries have a apparatus indispensable to routine such oil. Canada has few choice outlets for a complicated wanton constructed in Alberta, where many of Canada’s valid oil pot are located. Canada is approaching to continue to yield a vast share of U.S. oil imports for a foreseeable future, generally given a enlargement of tube and rail shipping capacities to ride Canadian oil.