December 16, 2022

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Monthly US imports of Russian oil and petroleum products (MBbl/d) for 2019-Q1 2022.

  • US imports of Russian oil increased from about 500 MBbl/d in 2019 to 670 MBbl/d in 2021. Through April 2022, US imports averaged 450 MBbl/d – down 150 MBbl/d compared to the average of the first four months of 2020 and 2021.
  • President Joe Biden announced on March 8, 2022, that the US will ban imports of oil from Russia, along with refined petroleum products, natural gas and coal.
  • According to the EIA, in 2021, Russia provided 8% of US imports of crude oil and petroleum products and only 3% of crude oil imports. Canada is the primary source of US petroleum imports representing over half (51%) of all US imports.
  • Banning Russian oil had minor consequences on U.S. refineries or Russia as the oil destined for the U.S was redirected to other countries.

See Also:

  1. Russian Oil Export Worldwide 2020-2021

References:

  1. https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MTTIM_NUS-NRS_1&f=M