VOL. XLII

No. 10

8-March-1999

OPEC

US Crude Imports From OPEC Exceeded 4Mn B/D In 1998, TotalImports Up 5.4%

US crude oil imports from OPEC averaged 4.055mn b/d during1998, an increase of 344,000 b/d, or 9.3% over the 1997 average of 3.711mn b/d.Most of this increase came from Iraq, which rose from an average 88,000 b/d in1997 to 329,000 b/d in 1998. According to data derived from API statistics,imports from Saudi Arabia during 1998 surpassed those from Venezuela, withSaudi crude imports rising by...