Source: Terence P. Jeffrey
(CNSNews.com) – Russia was the second-largest net exporter of crude oil and petroleum products to the United States in 2020, the last full year on record, according to the U.S. Energy Information Administration.
During that year, Russia exported a net 540,000 barrels per day of crude oil and petroleum products to the United States.
Canada, however, was by far the largest net exporter of crude oil and petroleum products to the United States that year. It sent this country a net of 3,193,000 barrels per day.
Saudi Arabia came in third with a net of 514,000 barrels. It was followed by Columbia (185,000); Iraq (176,000); Ecuador (87,000); Nigeria (56,000); Angola (31,000); Kuwait (28,000); and Guyana (27,000).
TOP TEN COUNTRIES BY NET PETROLEUM EXPORTS
TO THE UNITED STATES IN 2020
Despite running up significant net imports of petroleum from these countries, the United States overall was a net petroleum exporter in 2020.
“In 2020, the United States imported about 7.86 million barrels per day (MMb/d) of petroleum from about 80 countries,” said EIA. “Petroleum includes crude oil, hydrocarbon gas liquids, refined petroleum products such as gasoline and diesel fuel, and biofuels (including ethanol and biodiesel). Crude oil imports of about 5.88 MMb/d accounted for about 75% of U.S. total gross petroleum imports in 2020, and non-crude oil petroleum accounted for about 25% of U.S. total gross petroleum imports.
“In 2020, the United States exported about 8.50 MMb/d of petroleum to about 174 countries and 4 U.S. territories,” the EIA said. “Crude oil exports of about 3.21 MMb/d accounted for 38% of total U.S. gross petroleum exports in 2020. The resulting total net petroleum imports (imports minus exports) were about -0.63 MMb/d in 2020, which means that the United States was a net petroleum exporter of 0.63 MMb/d in 2020.”
In November 2021, the latest month reported by the EIA, both Canada (136,090,000) and Mexico (20,990,000) exported more petroleum to the United States than Russia (17,855,000). However, Russia’s 17,855,000 barrels in petroleum exports to the United States in that month still exceeded the 16,640,000 exported to the United States from Saudi Arabia.