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U.S. imports of Saudi crude oil fell to its lowest level in more than 30 years

 Last Update: 2022-02-27
 Source: Internet
 Author: User

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As Saudi Arabia’s reduced exports of crude oil finally arrived at US ports in October, the amount of Saudi crude oil received by US refineries fell to the lowest level since 1985
.
In October, Saudi Arabia sent less than 100,000 barrels of crude oil per day to the United States, while exports to China increased during the same period
.
It takes about 6 weeks for the oil tanker from Saudi Arabia to reach the U.
S.
Gulf Coast or Pacific Coast
.
Therefore, as preliminary data from the U.
S.
Energy Information Administration show, the amount of crude oil delivered to American customers last week was only 73,000 barrels per day
.
This is the lowest record since the weekly data was available in June 2010; if calculated by monthly data, it is the lowest since 1985-at that time, the amount of imported Saudi crude oil was zero for several months
.

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