This week in petroleum from the EIA

Today, the US Energy Information Administration released its weekly analysis of petroleum news.  The report highlights the large amount of Canadian crude used by the US and points out that Canada has overtaken Saudi Arabia as the US’ largest source of foreign oil.  

The report notes that,  “Since 1990, total U.S. crude oil imports from Canada have increased by 1.3 million bpd, accounting for 40% of the 3.1 million bpd growth in total crude oil imports since that date. Over the last decade alone, the share of U.S. crude oil imports coming from Canada has increased from 13% to 22%.”

To read the entire overview of this week in petroleum, click here.

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