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Wednesday, December 13, 2017

Oil imports - US up, Europe flat and Japan down

US crude oil imports averaged 9.6 mbd during the first 11 months of 2003, which is 5% up on the same period in 2002. With the exception of a slight dip in 2002, US crude oil imports have increased annually since 1994.

US oil product imports averaged 2.63 mbd during the first 11 months of 2003, which is 10.1% up on the same period in 2002. With the exception of a slight dip in 2002, US oil product imports have increased annually since 1995.

The rate of growth of European crude oil imports has flattened off since 1998. During the first 9 months of 2003 crude oil imports averaged 12.7 mbd up 1.9% on the same period in 2002.

European oil product imports averaged 4.98 mbd during the first 9 months of 2003, basically unchanged from the same period in 2002.

With the exception of 2002, Japanese crude oil imports have declined since 1997. Crude oil imports averaged 4.29 mbd during 2003, down 6.2% on 2002.

Japanese oil product imports are not large and have stayed in the range 0.52-0.68 mbd since 1994. During the first 11 months of 2003, oil product imports averaged 0.65 mbd which is up 3.2% on the same period in 2002.

Click here to view graphs and tables for US, European and Japanese crude oil and oil products imports use the following link:

Contact: Erik Ranheim