Where Does the U.S. Get Its Oil?

As we see a rocky start to investment markets and a barrel of oil reach $123.21 at the end of trading today, you may be wondering: where does the U.S. import its oil from?

As per the US Energy Information Administration (EIA) in 2020, the top 5 sources of U.S. crude oil imports are from:

61% Canada
11% Mexico
8% Saudi Arabia
4% Colombia
3% Iraq.

The U.S. production of oil is set to increase and to rise to pre-pandemic highs and achieve new record highs. This will help offset the U.S. dependence on imported oil according to the EIA.

Is your long-term investment portfolio prepared for volatile markets? Reach out to set up your free second opinion service from E2E.

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