Today’s EIA report has left oil prices flat-footed, as crude inventories were in line with consensus, while a(nother) gargantuan build to gasoline stocks has not been enough to drag the complex lower (…has only served to keep it in check). Hark! Here are five things to consider in oil and energy markets today: 1) While we highlighted on Monday that the U.S. imported over 1.8 million barrels per day from the Arab Gulf last year, and yesterday how the U.S. imported 1.6mn bpd from South America, let’s turn our attention to West Africa. Our ClipperData show that flows from West Africa to the U.S. were close to 280,000 bpd last year. Nigeria is the leading source, with volumes predominantly heading to the East Coast. Despite geopolitical tension, the U.S. received nearly 200,000 bpd of Nigerian crude last year, up 15 percent on the year prior. Angola is the second […]