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Petroleum Devolopments
Volume 41 Issue 1223
Figure - 7 US tight oil production and oil rig comt (Million b/d)
3.Oil Trade
USA
In September 2015, US crude oil imports decreased by 322 thousand b/d
or 4.2% comparing with the previous month level to reach 7.3 million b/d,
and US oil products imports decreased by 379 thousand b/d or 16.6% to reach
about 1.9 million b/d.
On the export side, US crude oil exports decreased by 37 thousand b/d or
7.1% comparing with the previous month level to reach about 489 thousand
b/d, and US products exports decreased by 10 thousand b/d or 0.3% to reach
3.8 million b/d. As a result, US net oil imports in September 2015 were 655
thousand b/d or nearly 11.6% lower than the previous month, averaging 5
million b/d.
Canada remained the main supplier of crude oil to the US with 45% of
total US crude oil imports during the month, followed by Saudi Arabia with
12%, then Venezuela with 11%. OPEC Member Countries supplied 33% of
total US crude oil imports.
Japan
In September 2015, Japan’s crude oil imports decreased by 231 thousand
b/d or 7.1% comparing with the previous month to reach 3.3 million b/d.
Whereas Japan oil product imports increased by 83 thousand b/d or 14%
comparing with the previous month to reach 671 thousand b/d.
On the export side, Japan’s oil products exports decreased in September
2015, by 16 thousand b/d or 2.5% comparing with the previous month,
averaging 628 thousand b a result, Japan’s net oil imports in September
2015 decreased by 132 thousand b/d or 3.8% to reach 3.3 million b/d.
Saudi Arabia was the big supplier of crude oil to Japan with a share
of 34% of total Japan crude oil imports, followed by UAE with 25% and
Qatar with 9% of total Japan crude oil imports.