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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Including Iraq... American oil imports from 5 Arab countries exceed $3.6 billion

    Rocky
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    Including Iraq... American oil imports from 5 Arab countries exceed $3.6 billion Empty Including Iraq... American oil imports from 5 Arab countries exceed $3.6 billion

    Post by Rocky Sat 04 May 2024, 5:08 am

    Including Iraq... American oil imports from 5 Arab countries exceed $3.6 billion

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    Economy News - follow up
    [rtl]America's oil imports decreased slightly during the first quarter of 2024, with 5 Arab countries, led by Saudi Arabia and Iraq, acquiring a share of approximately 8% of the total imported by the country, which is classified as the largest oil consumer in the world.[/rtl]
    [rtl]United States imports of crude oil amounted to approximately 572.29 million barrels (6.28 million barrels per day) during the first quarter of 2024, compared to 574.25 million barrels (6.38 million barrels per day) during the same period in 2023, according to recent data seen by the Energy Research Unit ( Headquartered in Washington).[/rtl]
    [rtl]While the volume of US oil imports from Saudi Arabia, Iraq, Libya, Kuwait and the Emirates reached approximately 45.2 million barrels during the first quarter of 2024, representing 7.9% of total US imports during the first three months of the current year.[/rtl]
    [rtl]The value of American imports from the five Arab countries amounted to approximately $3.68 billion during the first quarter of 2024, according to data collected and analyzed by the Energy Research Unit.[/rtl]
    [rtl]US oil imports from Arab countries[/rtl]
    [rtl]As usual, Saudi Arabia came in first place on the list of the largest Arab oil exporters to the United States, with the volume of its exports reaching 25.43 million barrels during the first quarter of 2024, with a total value of $2.13 billion.[/rtl]
    [rtl]Iraq also ranked second with an export volume of 13.37 million barrels, or the equivalent of $1.02 billion, and Libya ranked third with its exports reaching 3.67 million barrels, with a total value of $318.4 million.[/rtl]
    [rtl]The value of US oil imports from 5 Arab countries in the first quarter of 2024[/rtl]
    [rtl]On the other hand, Kuwait ranked fourth on the list, as its exports to the United States amounted to approximately 1.74 million barrels during the first quarter of 2024, with a value equivalent to $126.5 million.[/rtl]
    [rtl]As for the UAE, it came in fifth place with an export volume of 0.99 million barrels during the first quarter, or the equivalent of approximately $81 million, according to the latest data issued by the US Census Bureau.[/rtl]
    [rtl]The exports of the five Arab countries to the United States recorded 235 million barrels, or the equivalent of 19 billion dollars, during the year 2023, equivalent to 10.1% of America’s total imports of crude oil, according to consolidated annual data published by the Energy Research Unit on February 8.[/rtl]
    [rtl]Arab oil exports in March 2024[/rtl]
    [rtl]US oil imports from Saudi Arabia, Kuwait, the UAE, and Libya increased during the month of March 2024, compared to the previous month (February), while imports from Iraq decreased.[/rtl]
    [rtl]The volume of Saudi oil exports to the United States rose to 9.82 million barrels during the month of March 2024, compared to about 6.56 million barrels in the previous February.[/rtl]
    [rtl]Libyan oil exports also increased to 2.06 million barrels during the month of March 2024, compared to about 0.91 million barrels during the previous month.[/rtl]
    [rtl]The following graphic - prepared by the Energy Research Unit - shows the volume of US oil imports from 5 Arab countries in the first quarter of 2024:[/rtl]
    [rtl]The volume of US oil imports from 5 Arab countries in the first quarter of 2024[/rtl]
    [rtl]Kuwait's exports to the United States also increased to 0.96 million barrels during the month of March, after their absence from exports during the previous month. This was repeated in the case of the UAE, whose exports during March amounted to approximately 0.99 million barrels, compared to zero in February 2024.[/rtl]
    [rtl]As for Iraq's exports, they decreased to 4.06 million barrels during the month of March 2024, compared to about 4.4 million barrels during the previous month, according to detailed data monitored by the Energy Research Unit of the US Census Bureau.[/rtl]
    [rtl]US oil imports in March 2024[/rtl]
    [rtl]The volume of US oil imports increased by 2.7% on a monthly basis to 185.21 million barrels (5.97 million barrels per day) during March 2024, compared to about 180.21 million barrels (6.21 million barrels per day) during the previous month of February.[/rtl]
    [rtl]While another aspect of the comparative data showed a decrease in US oil imports during the month of March 2024 by 7% on an annual basis compared to the same month (199.25 million barrels) in 2023.[/rtl]
    [rtl]The value of imports in March 2024 also decreased to $12.85 billion, despite the average price rising to $69.39 per barrel, compared to about $13.42 billion during the same month of 2023, when the average was $67.38 per barrel.[/rtl]
    [rtl]On the other hand, the volume of US crude oil exports decreased by 11.2% to 132.91 million barrels (4.28 million barrels per day) in March 2024, compared to 149.68 million barrels (4.82 million barrels per day) during the same month in 2023, according to Another aspect of the data analyzed by the Energy Research Unit.[/rtl]


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