US oil production growth cuts Gulf Coast imports

The growth of crude oil production in the US has helped reduce imports from the Gulf Coast. That’s according to the US Energy Information Administration (EIA), which analysed imports to […]

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By Jacqueline Echevarria

The growth of crude oil production in the US has helped reduce imports from the Gulf Coast.

That’s according to the US Energy Information Administration (EIA), which analysed imports to the Gulf Coast from the first quarter of 2014 to the first quarter of 2015.

Medium-grade crude oil imports to Gulf Coast refineries decreased from 1.5 million barrels per day (b/d) to 0.8 million b/d, it stated.

However, the EIA added imports to Gulf Coast refineries of heavy crude oil increased by 22% –  0.4 million b/d.

Imports of medium crude oil from Saudi Arabia and Kuwait were reduced by 52% to 0.4 million b/d and 46% to 0.2 million b/d respectively.