2024-03-11T08:48:43+00:00
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/ American oil imports elevated by 5%, through the first month of 2024, with 4 Arab international locations, led by Saudi Arabia and Iraq, buying a share of roughly 7.5% of the overall imported by the most important oil consuming nation on this planet.
United States imports of crude oil amounted to roughly 206.8 million barrels (6.67 million barrels per day) through the month of January 2024, in comparison with 196.8 million barrels (6.35 million barrels per day) throughout December 2023, in keeping with latest knowledge revealed by the Power Analysis Unit.
Whereas the quantity of US oil imports from 4 Arab international locations – Saudi Arabia, Iraq, Kuwait and Libya – reached roughly 15.4 million barrels throughout January 2024, representing 7.4% of complete US imports through the month.
Saudi Arabia ranked first on the listing of the most important Arab oil exporters to the USA, as the quantity of its exports reached roughly 9.03 million barrels through the month of January 2024, with a complete worth amounting to 743.5 million {dollars}.
Iraq got here in second place with a quantity of exports to the USA amounting to 4.89 million barrels, with a complete worth of $370.2 billion through the first month of 2024.
Whereas Kuwait ranked third on the listing when it comes to export quantity, amounting to 0.77 million barrels, equal to $58.9 million.
As for Libya, it ranked fourth when it comes to export quantity, amounting to 0.7 million barrels, however it surpassed Kuwait within the rating when it comes to worth ($66.5 million) throughout January 2024, in keeping with the most recent knowledge issued by the US Census Bureau.