In this 2nd part we use data from the BP Statistical Review (June 2020). BP’s definition of oil is different from OPEC’s crude oil used in part 1. It includes also shale…
Tag: US crude oil imports
Australia outsources its oil reserve problem to the US
From the Energy Minister’s media release: Australia to boost fuel security and establish national oil reserve 22 April 2020 The Australian Government is boosting the nation’s long-term fuel security by taking advantage…
US crude oil imports and exports update April 2018 data
Contrary to common assumptions that the US is on the cusp of energy independence US crude oil imports averaged 7.8 mb/d in the last 12 months. 3.5 mb/d came from neighboring Canada, a…
U.S. Storage Filling Up with Unaccounted-For Oil
This is a joint post with Art Berman, a geological consultant based in Houston, Texas, and may be seen also on his website http://www.artberman.com/ U.S. crude oil storage is filling up with unaccounted-for…
US oil dependency on Middle East has hardly changed since 2007
This is part 2 of a series of articles on how US tight oil has impacted on oil markets The following graph shows US petroleum imports from OPEC countries starting in 1960….
US will always remain crude oil importer
US shale oil has so far replaced 2 mb/d of its crude oil imports which peaked at around 10 mb/d in 2005. If this effort can be doubled the US would still…