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Thursday, October 18, 2018

US oil imports January-August down 6.4% compared to same period in 2001 – API

According to the American Petroleum Institute’s Monthly Statistical Report for August 2002, total US oil imports for the first eight months of 2002 were down 6.4% compared to the same period last year.

Crude oil imports were 8.99 mbd, down 4.3% compared to 2001. Crude oil imports from Canada rose by 4.1% whereas crude oil imports from all other areas declined by 5.7%.

Oil product imports were 2.31 mbd, down 13.6% compared to 2001. In breakdown of oil products, residual fuel oil imports declined the most by 43.7%. Gasoline imports have continued to run at high rates.

 

US crude oil and oil product imports in tables and graphs can be viewed here.

 

US crude oil production in the period January to August was 5.9 mbd, up 1.6% compared to the same period in 2001.

US commercial stocks of crude oil and oil products ended in August at their highest level in three years and are about 4% higher than at the same period in 2001. Oil product stocks remain healthy while crude oil stocks are down 3% on August 2001 levels.