VOL. XXXII

NO. 48

4-SEPTEMBER-1989

MIDEAST SUPPLIERS ACCOUNT FOR RISING SHARE OF US OIL IMPORT GROWTH

Amid the burgeoning growth of oil imports into the US, certain significantunderlying trends are coming to light, particularly the extent to which thisimport growth is being captured by long-haul Middle East exporters at theexpense of Western Hemisphere and non-OPEC suppliers.

On the basis of US Department of Energy statistics for crude oil imports in1988 and the first half of 1989 (see tables on...