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EIA: U.S. crude oil imports from OPEC are down, but imports from Canada remain high


EIA: U.S. crude oil imports from OPEC are down, but imports from Canada remain high
5/5/2021
Source: U.S. Energy Information Administration, Petroleum Supply Monthly
Voluntary OPEC production cuts have been contributing to reduced U.S. crude oil imports from OPEC so far in 2021. Comparatively stable U.S. crude oil imports from Canada, however, have been mostly the result of longer-term trends. Between 2005 and 2020, U.S. crude oil imports from OPEC members decreased rapidly, but imports from non-OPEC members remained relatively high. In particular, U.S. crude oil imports from Canada more than doubled to average 3.6 million b/d in 2020, which was more than the combined total of crude oil imports from all other countries. ....

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When Will Oil Demand Fully Recover?


As the Covid-19 pandemic began to spread last year, I developed an idea. I hypothesized that the pandemic would cause a permanent dent in oil demand. I covered that hypothesis in a couple of articles last year, including Will Covid-19 Hasten The Demise Of Fossil Fuels?
My reasoning was that the large scale move to telework would prove to be very popular, and some companies would simply continue to business that way.
Meetings that required people to fly halfway across the country could easily be done by teleconferencing. Once people were forced to adapt to this, they would embrace the advantages and the potential costs savings. I have participated in many such meetings over the past year, and the convenience vastly trumps the travel required to meet in person. ....

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Oil Demand Is Bouncing Back | Hellenic Shipping News Worldwide

Oil Demand Is Bouncing Back | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

Transportation Security Administration , Energy Information Administration , Week In Petroleum , Demise Of Fossil , வாரம் இல் பெட்ரோலியம் ,

Oil, Gas, And Fracking News Reads: 06March 2021


Here are some selected news articles from the week ended 06 March 2021. Part 2 is available here.
This is a feature at
Global Economic Intersection every Monday evening or Tuesday morning.
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Fuel supplies drop most on record as US oil refining collapses, leading to largest ever jump in oil supplies
Refinery utilization at an all time low, 10% lower than it s ever been; oil refined is least on record; record jump in oil inventories, record drop in gasoline inventories; distillates production at a 26 year low, distillates inventories drop most in 18 years; largest jump in oil imports in 39 weeks. ....

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