US imports of Nigerian crude falls by 43%

Posted On March 13th, 2019 - 3:51 pm | by Oil and gas press

The United States (US) cut its imports of Nigerian crude oil by 48.87 million barrels or 43 per cent in 2018, according to the latest data released by the Energy Information Administration.

US imports of Nigerian crude fell from 148.48 million barrels in 2012 to 87.40 million barrels in 2013 on the back of the shale oil boom.Light sweet Nigerian crude is very similar to the light oil produced in US shale.

The EIA data showed that the US imported 75.81 million barrels of Nigerian oil in 2016, up from 19.85 million barrels in 2015.


U.S. net trade of petroleum, which includes crude oil, petroleum products, and natural gas plant liquids, has fallen in recent years, reaching 2.3 million barrels per day (b/d) in 2018. This level is the lowest level of net petroleum trade (imports minus exports) since 1967.

At the same time, total U.S. gross petroleum trade (imports plus exports) have reached an all-time high of 17.5 million b/d in 2018. The result has been a growing role for the United States in world petroleum trade the EIA reports

As US shale production has grown, the appetite for Nigerian crude in the US has dropped dramatically.

Source / More : EIA

Tags: , , News analysis

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