According to the EIA’s Weekly Petroleum Status Report (WPSR) released today, oil imports into the U.S. plummeted for the week ending December 26 to under 5 MMb/d. This decline of more than 1.1 MMb/d reduced imports to their lowest level since February of 2021.
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- Analyst Insight
Net Imports of Crude Oil Plummet to Record Low
According to the EIA’s Weekly Petroleum Status Report (WPSR) for the week ended April 10, U.S. crude balances snapped tighter in a hurry this week, with imports and exports moving in opposite directions like two gears suddenly misaligned.
- Analyst Insight
Crude Oil Imports Skyrocket to Highest Level Since November 2024
According to the EIA's Weekly Petroleum Status Report (WPSR) released this morning, U.S. crude imports came roaring back for the week ended March 13. Volumes soared to 7.2 MMb/d, a level that not only sits roughly 700 Mb/d above the 2026 YTD average but also marks the strongest week since November 2024.
- Blog
How Am I Supposed to Live Without You – U.S. Refiners Using Persian Gulf Crude Seek Alternatives
U.S. refineries are, of course, far less dependent on crude oil from the Middle East than they were before the Shale Revolution. But the cutoff in oil supplies from the Persian Gulf is forcing several U.S. refiners to look elsewhere for the mostly medium-sour crude they had been sourcing from the region.
