US imports of Canadian crude surges to record high

US imports of Canadian crude surges to record high

The US Energy Information Administration (EIA) reported a huge surge in oil imports from Canada last week, reaching a record high of 3.6 million bbl/day.

Weekly import figures are preliminary, however, and can be quite volatile. Last week's import levels are unlikely to be sustained and would suggest a shift out of inventory volumes. 

The US imported about 3.3 million bbl/day from Canada in September, the latest available "final" monthly figures. Canada now accounts for over 40% of all crude oil imports into the US.

Preliminary import data is posted to our Energy Statistics dashboard every Wednesday (under US Trade Flows), along with the 4-week moving average. Final crude oil imports into the US by country are updated monthly, approximately two months in arrears.

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