Canadian crude imports into the U.S. hit a record high weekly volume for the week ended January 3, surging by 690 Mb/d to reach 4.42 MMb/d. This significant increase in Canadian imports occurred despite an overall decline in crude imports by 500 Mb/d to 6.43 MMb/d. PADD 3, in particular, saw a sharp decrease, dropping 730 Mb/d to 1.07 MMb/d, contributing to a reported withdrawal of 4.9 MMbbl from inventories.
Featured Articles
- Blog
Q2 2024 Diversified E&Ps' Financial Results
<p>(Note: Each column is sortable by clicking once or twice on the column title. For example, clicking on "Revenue" will rank the companies either low-to-high or high-to-low.)</p>
- Blog
Slow Down - Combination of Factors Pull U.S. Crude Oil Exports Back From Record Highs
The U.S. has become an oil-exporting powerhouse in recent years, propelled by booming shale production, notably from the Permian Basin. U.S. crude oil now flows more freely than ever to help meet global demand, including to Europe, which increasingly turned to the U.S. following Russia’s invasion of Ukraine two-plus years ago, but exports have slowed recently. In today’s RBN blog, we examine a half-dozen reasons why the export surge has tapered off and why it may not change much in the weeks ahead.
- Analyst Insight
U.S. Propane Imports Rise and Exports Return to Strong Rate
Propane imports up 53 Mb/d, just under the highest level recorded this year in February while export bounce back to the strong rate seen in previous weeks.
