EIA: U.S. Crude Imports from Canada, Middle East Plunge


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- U.S. crude oil imports from Canada and Saudi Arabia 
saw significant declines in the week ended April 10, while shipments from 
Venezuela, Colombia and Ecuador moved higher, weekly Energy Information 
Administration (EIA) data showed.

   Canadian crude imports tumbled 751,000 bpd to 3.52 million bpd during the 
referenced week, down from 4.27 million bpd in the previous week to April 3, 
according to the EIA data issued Wednesday (4/15). The latest figure was nearly 
identical to the 3.53 million bpd imported from Canada during the same week one 
year prior.

   Venezuela reported an increase of 91,000 bpd to 412,000 bpd, while Colombia 
shipments surged to 130,000 bpd from zero during the prior week.

   In contrast, Middle East arrivals faced sharp reductions as the Iran war 
continued to impact arrivals from that region. Imports from Saudi Arabia 
plunged 340,000 bpd to 249,000 bpd, though this remained significantly higher 
than the 69,000-bpd recorded a year ago.

   Iraqi arrivals declined by 11,000 bpd to 109,000 bpd. This figure was 12% 
lower than the 136,000-bpd reported during the same period last year.

   Mexico shed 20,000 bpd to land at 145,000 bpd in the reference week, 
continuing a downward trend from the 278,000 bpd seen a year prior. Ecuador 
added 68,000 bpd after posting zero the week before, while imports from Libya 
and Nigeria fell to zero.




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