Sentences with phrase «u.s. crude oil imports»

«The top five exporting countries accounted for 59 percent of United States crude oil imports in April while the top ten sources accounted for approximately 80 percent of all U.S. crude oil imports.»

In 2013, U.S. crude oil imports were 541 million barrels lower than in 2010, a 16 percent decrease, according to the U.S. Energy Information Administration (EIA).

However, a 2010 report prepared for the Department of Energy concluded that «U.S. crude oil imports» from the Middle East, Africa, Canada and other countries are «insensitive» to «whether or not KXL is built.»

According to the draft SEIS, «the increase in U.S. production of crude oil and the reduced U.S. demand for transportation fuels will likely reduce the demand for total U.S. crude oil imports.»

The EIA reported that U.S. crude oil imports in 2015 were down 27 percent from their high in 2005, when the shale oil revolution was just getting under way.

That works out to 67 percent of the value of Canada's total merchandise trade surplus with the U.S. of about C$ 76 billion — and 41 percent of U.S. crude oil imports in 2016.

«While the increase in U.S. production of crude oil and the reduced U.S. demand for transportation fuels will likely reduce the demand for total U.S. crude oil imports, it is unlikely to reduce demand for heavy sour crude at Gulf Coast refineries.»

Not exact matches

The possibility of Venezuelan oil import restrictions has divided White House advisors, and now is pitting Harold Hamm, chairman and CEO of Continental Resources and energy advisor during President Trump's campaign, against U.S. refiners that import Venezuelan crude to process at their refineries.

(In 2011, Cenovus Energy let on that output from two of its in situ oilsands projects could meet the standard, which mandates that crude oil imported to the state have lower wells - to - wheels emissions than the average of all crudes sold in the U.S.) «Yes, I think that's feasible,» says George Hoberg, a political scientist at the University of British Columbia who specializes in environmental conflict.

China is taking its first steps towards paying for imported crude oil in yuan instead of the U.S. dollar, three people with knowledge of the matter told Reuters.

Meanwhile, U.S. net imports of crude oil fell last week by 1.6 million bpd to 4.98 million bpd, the lowest level since the EIA started recording the data in 2001, reflecting further erosion in a market OPEC has been relying on for decades.

U.S. crude imports are at a 16 - year low, reconfiguring the map of global oil trade.

The U.S. Energy Information Administration (EIA) reported last week that China imported more crude oil than the U.S. for the first time in 2017.

A more severe action reportedly under consideration would be a ban on Venezuelan crude oil imports into the U.S., which would likely have far - reaching implications for Venezuela, the U.S., and the oil market.

A ban on Venezuelan oil would strain the market for heavy crude in the U.S., which is already tightening because of declining imports of medium sour oil from Saudi Arabia.

In the last two years, for the first time, the value of U.S. energy exports to Mexico (mainly petroleum products) has been greater than the value of energy imports from Mexico (mostly crude oil).

The U.S. refines crude oil — including the imports from Canada — both for its own consumption and for export.

Imports from the U.S. rose 3.1 per cent in March due in large part to higher imports of passenger cars and light trucks, while exports to the U.S. rose 1.2 per cent, led primarily by higher exports of cruImports from the U.S. rose 3.1 per cent in March due in large part to higher imports of passenger cars and light trucks, while exports to the U.S. rose 1.2 per cent, led primarily by higher exports of cruimports of passenger cars and light trucks, while exports to the U.S. rose 1.2 per cent, led primarily by higher exports of crude oil.

As today's Hot Chart shows, U.S. volume imports of crude oil plummeted to their lowest level since 1996 in April.

[2] U.S. Energy Information Administration, «U.S. Imports from Canada of Crude Oil and Petroleum Products,» April 29, 2016, https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MTTIMUSCA1&f=M.

Brent crude, used to price many kinds of oil imported by U.S. refineries, was up 75 cents to $ 110.77 on the ICE Futures exchange in London.

The fraction of crude oil consumed in the U.S. that was imported went from 35 % immediately before the 1973 oil crisis, peaked at 60 % in 2005, and then returned to 35 % by 2013 [7] thanks to increased domestic production [8] from the shale oil boom.

Fellow Francisco Monaldi comments in Platts Oil, which reports that U.S. oil refineries are looking to import crude oil fromOil, which reports that U.S. oil refineries are looking to import crude oil fromoil refineries are looking to import crude oil fromoil from...

Thanks to vast domestic shale reserves and safe hydraulic fracturing, the U.S. is the world's leading producer of oil and natural gas — which by far has had the most to do with reducing U.S. net crude imports.

A decade ago Congress passed legislation creating the federal Renewable Fuel Standard (RFS)-- requiring escalating volumes of ethanol in the U.S. fuel supply — that was intended in part to help reduce crude oil imports while capitalizing the supposed environmental advantages of ethanol.

And they warn that investing billions of dollars in oil transportation will lock the U.S. into continued dependency on an increasingly heavy type of imported crude that will drive up emissions both from the foreign producer and the domestic refiner.

The gift that is American energy is seen in some key numbers: domestic crude oil production reaching more than 9 million barrels per day last month, the highest level in more than two decades, according to the U.S. Energy Information Administration (EIA); total U.S. net imports of energy as a share of energy consumption falling to their lowest level in nearly 30 years during the first six months of this year; gasoline prices dropping to an average of $ 2.47 per gallon last week, their lowest point since May 2009, according to the Lundberg Survey Inc..

A postscript to our post explaining that the crude oil the Keystone XL pipeline would deliver is comparable to other heavy crudes already being refined in the U.S.: Oil sands crude would replace other heavy oils — most significantly, crude currently imported from Venezueoil the Keystone XL pipeline would deliver is comparable to other heavy crudes already being refined in the U.S.: Oil sands crude would replace other heavy oils — most significantly, crude currently imported from VenezueOil sands crude would replace other heavy oils — most significantly, crude currently imported from Venezuela.

The U.S. is reducing crude imports, but virtually all of that progress is due to increased oil production here at home:

These new supplies, which are available to meet U.S. domestic petroleum product demand, have substantially reduced U.S. dependence upon crude oil imports from overseas.

Though U.S. oil production is up and oil imports are down, the country is still a net importer of crude oil and petroleum products.

The oil industry pays an 8 - cent - per - barrel tax on crude oil produced and imported to the U.S..