U.S. increases oil purchases from Mexico and Saudi Arabia
- U.S. crude imports from Mexico and Saudi Arabia increased by 448,000 barrels and 628 thousand barrels on average, during last week, to close at 1.261 million and 1.242 million barrels per day, respectively, according to the Energy Information Administration (EIA).
The report details that in the last seven days, Venezuela has dispatched an average of about 920 thousand barrels of crude to the U.S.. The six week average is close to 943 thousand barrels per day.
The main supplier of U.S. crude oil during the last week was its northern neighbor, Canada, which sent an average 1.59 million barrels per day. However, the Canadian oil imported to the United States dropped from 1.74 million barrels in the week of Sept. 24.
The EIA also highlights the decline in Russian supply, which went from an average of 217,000 barrels per day during the week of Sept. 24 to zero in the last seven days.
According to a Reuters cable, total U.S. crude oil imports fell 79,000 barrels last week to 8.89 million, according to EIA.
Crude inventories rose to 3.1 million barrels, after several refineries started maintenance routines.