Russia approached lead in US oil market

Russia in May overtook Mexico and became the second in the world among the largest exporters of oil and petroleum products in the United States. This follows from the data of American Energy Information Management.

Russia in May delivered 26.17 million barrels of oil, which became an absolute record for the country. The previous maximum was recorded in May 2009 – 25.08 million barrels. Russia began to approach the leader in the export of raw materials in the United States – Canada, which delivered 125.75 million barrels. On this country accounts for about half of the total oil imports of the United States.

US purchases by Russian oil in January – May increased by 78 percent in price terms compared to the same period last year (from $ 3.8 billion to 6.7 billion dollars). The reason for this is associated with the increase in prices in world markets in 2021.

In April, the United States declared a record dependence on Russian oil. According to energy information management, imports of fuel from Russia in total reached a record level at eight percent at the beginning of the year.

/Media reports.