Venezuela in fourth place as US oil supplier
Venezuela in 2000 sent to the U.S. 1.519 million b/d, up from 1.493 million b/d in 1999. According to the latest information from latest company data, published by the Energy Information Administration.
Venezuela, which displaced the Saudis as top supplier a few years ago during an aggressive growth phase, continued to be the fourth-biggest supplier.
According to Dow Jones, Crude imports from Caracas averaged 1.222 million b/d, up 6.3 percent from 1999, while market share rose to 13.7 percent from 13.2 percent.
The four biggest suppliers to the U.S. increased their share of crude imports in 2000 to 59.7 percent from 56.9 percent a year earlier.
Latest company data, published by the Energy Information Administration, show U.S. imports of Saudi crude in December jumped to 1.882 million b/d, the highest ever recorded for December and fourth-highest monthly figure ever recorded.
Preliminary data show the U.S. imported 1.52 million barrels a day of Saudi crude last year, up 9.6 percent from a year earlier, been the highest volume of crude oil exports to the U.S. since 1992, keeping its role as the leading crude source for the third straight year and gaining a bigger share of the world's largest oil market, according to Dow Jones.
Saudi Arabia's increase in crude exports to the U.S. and in market share outpaced those of its three biggest rivals in the U.S. market - Canada, Mexico and Venezuela.
Latest data from EIA show U.S. oil imports in 2000 were a record 11.1 million b/d, while crude oil accounted for a record level of 8.9 million b/d, up 2.3 percent from the prior year.
DJ reported that Mexico continued to be the second-biggest source of U.S. crude oil imports last year, at 1.301 million b/d, up 3.75 percent from a year ago.
Mexico's share of imports was up fractionally, at 14.6 percent from 14.4 percent. Canada exported 1.286 million b/d of crude to the U.S. last year, up 9.2 percent from a year earlier, and saw its market share grow to 14.4 percent from 13.5 percent DJ wrote.
Figures from IEA show that Crude imports from OPEC Arab countries were 2.396 million b/d, up 0.5 percent from 1999 and the highest volume since 1980, before an embargo kept Libyan supplies out of the U.S. Canada remained the top supplier of combined crude oil and refined products imports.
DJ reported that Canada's supply averaged 1.684 million b/d, up from 1.539 million b/d in 1999.
Saudi Arabia, was second, pushing out Venezuela, at 1.564 million b/d, up from 1.387 million b/d. Venezuela was third, at 1.519 million b/d, up from 1.493 million b/d. Mexico was fourth, at 1.359 million b/d, up from 1.324 million b/d.
© 2001 Mena Report (www.menareport.com)