Riyadh Retains Ranking As Top Supplier To U.S.
Saudi Arabia maintained the pole position as top crude supplier to the U.S. in November 2000, the Energy Information Administration (EIA), the number-crunching unit of the U.S. Energy Department, announced on January 16th.
According to the EIA, Riyadh exported 1.567 million b/d to the U.S. market in November, up 90,000 b/d from the previous month, and far ahead of its closest competitor.
Venezuela, Mexico and Canada held their second, third and fourth rankings, respectively. U.S. imports from Caracas totaled 1.324 million b/d in November, up 17,000 b/d from October, while Mexican exports to the U.S. averaged 1.287 million b/d for the month, 43,000 b/d higher than the prior month.
Canada logged fourth place again, supplying the U.S. market with 1.255 million b/d in November, up 17,000 b/d from October. Although Nigeria’s exports to the U.S. in November were down 129,000 b/d to 814,000 b/d in November, it captured the fifth top supplier ranking over Iraq, which provided the U.S. market with 585,000 b/d that month.
Iraq’s overall crude supplies have plunged more than one-third since Baghdad began suspending its exports on November 30th. U.N. spokesman Fred Eckhard said on January 16th that Iraq’s oil exports averaged 672,000 b/d for the week ending January 12th.
In addition, he noted that the U.N. overseers estimated that Baghdad lost an estimated $1 billion in revenue in December due to its disruption of exports over pricing issues.
© 2001 Mena Report (www.menareport.com)