Organization of Arab Petroleum Exporting Countries
Petroleum
Devolopments
Volume 40 Issue 5
30
3.Oil Trade
USA
In February 2014, US crude oil imports decreased by 94 thousand b/d
or 1.3% comparing with the previous month level to reach 7.3 million b/d,
whereas US oil products imports increased by 75 thousand b/d or 4% to reach
about 1.7 million b/d.
On the export side, US product exports increased by 91 thousand b/d or
2% comparing with previous month level to reach 3.7 million b/d. As a result,
US net oil imports in February 2014 were 110 thousand b/d or nearly 2%
lower than the previous month, averaging 5.3 million b/d.
Canada remained the main supplier of crude oil to the US with 37% of
total US crude oil imports during the month, followed by Saudi Arabia with
19% and Mexico with 13%. OPEC Member Countries supplied 42% of total
US crude oil imports.
Japan
In February 2014, Japan’s crude oil imports decreased by 49 thousand b/d
or 1 % comparing with the previous month to reach 3.95 million b/d, Japan oil
product imports also decreased by 17 thousand b/d or 2 % comparing with the
previous month to reach 703 thousand b/d.
Figure - 6
World Supply and Demand
(Million b/d)
