While U.S. total net crude oil imports fell during 2013, the share of imports last year from the United States’ top three foreign oil suppliers—Canada, Saudi Arabia, and Mexico—was the highest in at least four decades, according to preliminary annual trade data from EIA’s Petroleum Supply Monthly report. These three countries provided almost three out of every five barrels of oil imported into the U.S. market last year. U.S. net crude oil imports in 2013 declined 10.2% to 7.6 million barrels per day (bbl/d), the lowest level since 1996, as rising domestic crude oil production cut into the volume of imports needed to meet refinery demand for crude oil. The overall decline in U.S. net imports has led to an increasing concentration of net imports from Canada , Saudi Arabia , and Mexico . Combined net oil imports from these countries decreased by 1.5% last year. As a result, […]