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U.S. crude oil import from Nigeria hits 303,000 bpd in November

By Roseline Okere   |   28 December 2016   |   3:13 am
crude oil

crude oil

The United States (U.S.) imports of Angolan and Nigerian crude has increased to 307,000 barrels per day (bpd) and 303,000 bpd, respectively, by mid-November, according to the Organisation of the Petroleum Exporting Countries (OPEC).

This is a significant improvement from the 234,000, 241,000 and 218,000 barrels of oil from Nigeria in April, May and June respectively.

According to OPEC in its December monthly report, the top first and second suppliers to the U.S. in September remained the same as before.

It noted that Canada was the premier crude supplier to the U.S., accounting for 41 per cent of its total crude imports, reflecting a minor change from the previous month, down by seven thousand barrels per day (tbpd).

OPEC said Saudi Arabia maintained its status as second-largest supplier to the U.S. in September, rising from the previous month by 67 tbpd.

Venezuela came in as third top supplier, accounting for 10 per cent of total U.S. crude imports, with higher volumes from a month earlier of 63 tbpd, or six per cent.

Crude imports from OPEC member countries went up in September from one month earlier by 196 tbpd, or six per cent, accounting for 41 per cent of total U.S. crude imports.

Canada and Russia maintained their positions as first and second product suppliers to the U.S., accounting for 24 per cent and 16 per cent, respectively, though imports from both countries were lower in September.

Algeria was the third-largest supplier to US, though down by 26 tbpd, or seven per cent, from the previous month.

It stated: “Looking into US crude imports by region, September imports from North America averaged 3.3 mbpd, making it the top importing region to the US, followed by Latin America and the Middle East, which came in as second- and third-biggest regional suppliers to stand at 2.1 mbpd and two mbpd, respectively.

“Imports from North America stayed about the same, with no major changes from the previous month, while those from the Middle East increased by 200 tbpd.”


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