U.S. Energy Information Administration (EIA) released a new Crude Oil Import Tracking Tool that allows policymakers, analysts, and the public to more easily track trends in crude oil imports. Users can sort and display crude oil imports by month or year, by crude type (i.e., light, medium, heavy), country source, port of entry, processing company, processing refinery, and more. The tool features graphing and mapping capabilities and a built-in help function.
This tool is one part of EIA’s ongoing effort to assess the effects of a possible relaxation of current limitations on U.S. crude oil exports, and thjs is something that could impact Canada’s sending oil south of the border.
The goal is for Americans to gain insight regarding recent trends in a number of areas including:
Refinery-level trends in light crude imports: Imports by the 10 largest refineries using imported light crude in 2013 accounted for 55% of total U.S. light crude imports, with the remaining 45% scattered among more than 100 other refineries. The largest source for light crude imports among this group of 10 refineries was Canada, followed by Nigeria and Mexico.
Refinery-level trends in imports other than light sweet crude: There is evidence that some refineries have recently reduced imports of medium and heavy grades of crude oil in order to accommodate increasing light domestic production. Another trend that could impact Canada’s operations
Volume and quality of U.S. crude oil imports.
Source of U.S. crude oil imports.
(Source: The Maritime Executive)