Last year, my exploration into US imports of Canadian oil revealed both Canada’s dominance and growth as an import source.
One year later, Canada remains the top source of US oil imports and is poised to continue to grow its market share.
Canadian oil makes up nearly a majority of US oil imports in 2018, at 47% of all imports.
In May 2018, the US imported 3.87 mpbd from Canada while importing 3.96 mpbd from the rest of the world combined – a difference of only 91,000 barrels per day.
Total US imports for the first six months of 2018 are down 5.60% compared to the first six months of 2017.