Definition: This entry is the total oil imported in barrels per day (bbl/day), including both crude oil and oil products.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2014See also: Oil - imports map
OPEC Shrugs Off Threat of U.S. Cutting Oil Imports
Bloomberg - 1/23/2017 11:29:46 AM
OPEC’s two biggest suppliers to the U.S. shrugged off a vow by President Donald Trump to end dependence on the group’s oil, saying the world ... Martinez said he expects his country’s crude exports to the world’s top consumer to remain stable.
South Korea Energy Profile: Heavily Dependent On Imports – Analysis
Eurasia Review - 1/22/2017 1:36:49 AM
but the country relies almost entirely on crude oil imports to supply its refineries. South Korea consumed 2.4 million barrels per day (b/d) of petroleum and other liquids in 2015, making it the 8th largest consumer in the world (Figure 3). Preliminary ...
Russia beats Saudi Arabia as China's top crude oil supplier in 2016
Reuters - 1/23/2017 10:39:39 AM
China is the world's second-largest oil buyer and the fastest-growing ... stepped up purchases ahead of a deal by oil-producing countries to reduce supply and bolster prices. For the whole of 2016, imports gained nearly 910,000 bpd over 2015, the strongest ...
Crude Tanker Industry Welcomes China’s December Data
Market Realist - 1/23/2017 8:09:20 AM
Over the years, China’s auto industry has risen to become the largest in the world. Thus, China is the most important country for the crude oil tanker industry. Continue to the next part for a closer look at China’s import-export data.
Report: South Korea’s SK E&S imports first U.S. spot LNG cargo
lngworldnews.com - 1/19/2017 11:58:58 PM
South Korean LNG and power company SK E&S has reportedly received the country ... in U.S. oil and gas projects under the incoming administration of President-elect Donald Trump, the report notes. South Korea is the world’s second largest importer ...
Pakistan becomes third-largest importer of cooking oil
The Express Tribune - 1/22/2017 7:56:12 AM
Imports help the country meet around 75% of its domestic needs ... demand and price of edible oils has a direct link with crude fuel oils in the world. “The production and supply of palm oil would increase in 2017,” he projected.
India’s damaging reliance on oil
The National - 1/21/2017 3:57:00 PM
India’s demand for oil is huge, as the world’s third-largest importer of crude ... explains that more needs to be done to reduce the use of oil in the country. "The government aims at reducing oil imports by 10 per cent by 2022. But it looks like ...
Market Currents: U.S. dependency on Middle East crude is rising
Fuel Fix - 1/23/2017 5:27:41 PM
Hark, here are five things to consider in oil markets today ... amid joint ventures on the U.S. Gulf Coast with various countries. Looking at Arab Gulf flows to the U.S. – also including Oman – imports averaged over 1.8mn bpd last year.
Saudi oil minister: I don't lose sleep over shale
CNN Money - 1/19/2017 12:10:18 PM
The president-elect threatened earlier this year to halt imports of oil from Saudi Arabia and other Arab countries if they don't commit ground troops to fight ISIS, or at least reimburse the U.S. for its efforts. More recently, investors have worried about ...
As oil prices climb, China and India curb their enthusiasm for reserves
Market Watch - 1/23/2017 9:13:45 AM
India, too, has picked up its buying, while other Asian countries have signaled plans ... requires members to hold 90 days’ worth of net oil imports. The U.S. Strategic Petroleum Reserve is the world’s largest at 695 million barrels, about 149 days ...
‘Not all bad… right?’: How Trump’s tax on imports may benefit Canadian heavy oil producers
Financial Post - 1/19/2017 3:42:04 AM
which accounts for about 61 per cent of their total import capacity. Paul McConnell, research director for energy consultancy Wood Mackenzie says potential winners in the U.S. energy industry may be the country’s domestic oil and gas sector.
GOP tax reform and what’s at stake for the oil industry
blogs.platts.com - 1/19/2017 2:54:56 PM
The U.S. still imports a lot of crude oil. It also now exports crude oil. It’s also the world’s biggest exporter of petroleum products. So any change in the country’s corporate tax system that has an enormous shift in the tax treatment of imports and ...
Venezuela, with world's largest reserves, imports oil
USA Today - 11/2/2014 11:44:53 PM
CARACAS, Venezuela — For the first time in its 100-year history of oil production, Venezuela is importing crude — a new embarrassment for the country with the world's largest oil ... Having to import oil is a tremendous failure for PDVSA, for Venezuela."
Opec shrugs off threat of Trump’s America cutting oil imports
themalaymailonline.com - 1/22/2017 11:12:28 PM
The US is “closely integrated in the global energy market,” Saudi Arabia’s Energy and Industry Minister Khalid Al-Falih said, while his Venezuelan counterpart Nelson Martinez said he expects his country’s crude exports to the world’s top consumer ...
Pakistan becomes third largest importer of cooking oil: Experts
Daily Times - 1/23/2017 4:16:06 PM
The imports help the country meets around 75 percent domestic needs ... President Zubair Tufail said that per capital consumption of cooking oil in Pakistan is the highest in world. He said Malaysia and Indonesia remained two big sources to import oil.