Russia Increased the Supply of Petroleum Products to the USA to a Record in 16 Years
OREANDA-NEWS. The export of petroleum products from Russia to the United States in the first half of 2020 reached 9.1 million tons. This follows from the data of the Federal Customs Service of Russia.
Compared to the same period of 2019 (4 million tons), supplies increased by 2.3 times and reached a maximum level at least since 2004 (when the agency has been keeping statistics in electronic form).
In January–June of this year, the USA received more than 12 % of all Russian exports of petroleum products (the total figure is 74.63 million tons). This is the second place after the Netherlands, where Russia supplied 12.19 million tons (16.3 % of the total). The third place belongs to Malta with 4.4 million tons.
The Netherlands and Malta are transit hubs from where oil and petroleum products are supplied to end consumers in other countries. According to the US Energy Information Administration, imports of Russian petroleum products in five months of 2020 (data for June are not yet available) reached 67.9 million barrels, or 9.3 million tons. This is more than the Russian side recorded, since it takes into account only direct shipments to the United States, while American statistics include imports of all fuel originated from Russia.