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Saudi Arabia almost stopped oil supplies to the United States

Saudi Arabia almost stopped oil supplies to the United States 

US oil imports from Saudi Arabia in the week ended November 27 fell by four times. According to the Energy Information Administration of the US Department of Energy (EIA), supplies fell to 73 thousand barrels per day. This has become the minimum for at least the last 10 years.

 USA Saudi Arabia


The last anti-record was set for the week ended September 4. Then Saudi Arabia supplied to the USA 100 thousand barrels of oil per day. And the maximum import volume – 2.047 million barrels of oil per day – was recorded in the first week of 2012.

According to monthly data from the EIA, Saudi Arabia ranked fourth in oil exports to the United States in September, shipping 10.98 million barrels. And now it is not even very clear what place it occupies in the structure of American imports of oil and oil products.

The US continues to actively purchase raw materials and oil products from Russia

But Russian supplies to America are not decreasing. In September, according to the EIA, the Russian Federation supplied 16.540 million barrels of oil and oil products to America. Why? President Donald Trump said, speaking in New Hampshire, that the United States is forced to buy Russian oil because of the Democrats.

“New England has the highest energy prices in the United States. Do you know why? Because the Governor of (New York Democrat Andrew) Cuomo does not allow the pipeline to be laid through the top of New York State so that oil and gas, of which we have a lot, can get there, ”Trump said.

In 2019, the US bought in Russia an average of 515 thousand barrels of oil per day. The total imports of Russian oil and petroleum products from Russia to the United States were estimated at $ 13.8 billion in 2019. In 2020, deliveries have continued. From January to July, more than 7.46 million tons were shipped overseas, 12% of total exports.

True, the Netherlands bought more Russian oil – 12.19 million tons, the Americans only in second place. And in the third place is Malta with 4.4 million tons. However, it is noteworthy that the Netherlands and Malta are transit hubs, from there oil products are sent to other countries. That is, actual exports to the United States may be even higher, since the FCS does not take into account such supplies. : ///

Record Saudi Arabia almost stopped oil supplies to the USA first appeared TEKNOBLOG .

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