US Crude Imports Climb, Exports Dip in 2021

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US crude exports and imports sharply diverged in 2021, according to data from the US Census Bureau, with the world’s largest economy relying more heavily on oil from foreign suppliers.

Crude Oil, Oil Trade, Oil Supply, Refining
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A significant delay would have a fairly modest impact on spreads, as crude oil transportation capacity in Canada has expanded in recent years.
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