US remained the outlier in January with crude imports rising, shows data

Imports from Russia fell by nearly a fifth despite remaining largest source of crude

The US was the only major source nation from which crude flows rose in January, with imports rising 3.4x by value and 4x by volume, official data shows. Data released by the commerce department shows the rise in US oil coincided with lower volumes coming in from Russia and traditional West Asian suppliers such as Iraq, Saudi Arabia, and Kuwait. This pulled down overall crude oil imports by 16.3 per cent on a year-on-year (Y-o-Y) basis. The data is usually released with a lag of three months.

 

Crude imports from Russia fell for the second month in a row in