While U.S. crude oil imports from OPEC and Mexico have slumped over the past decade and a half, crude imports from Canada have more than doubled due to the price and refinery operational advantages, the U.S. Energy Information Administration (EIA) said on Thursday. Last year, Canadian crude oil imports into the United States accounted for more than half, or 56 percent, of total American crude imports, EIA’s Petroleum Supply Monthly showed. Imports from Canada averaged 3.8 million bpd in 2019, more than double the U.S. imports from its neighbor to the north in 2005. At the same time, American imports of crude oil from OPEC’s Saudi Arabia and Venezuela, as well as from Mexico, significantly dropped between 2005 and 2019, mostly due to the surge in U.S. crude oil production over the past decade, the EIA said. In 2005, U.S. oil imports averaged a record 10.1 million bpd, 60 […]