Likewise, data for US crude oil imports from all sources for May, 2016, have also been posted. It looks like OPEC imports increased about 11% month-over-month, May-over-April, 2016. But look at the huge increase year-over-year, same month, for OPEC:
- May, 2015: 96,867,000 bbls/month (96.9 million bbls / month = about 3 million bbls/day)
- May, 2016: 112,899,000 bbls/month (112.9 million bbls/month = about 3.6 million bbls/day)
- May, 2015: 293,569,000 = about 9.5 million bbls/day
- May, 2016: 315,660,000 = about 10 million bbls/day
Is anyone curious about Canada, following the wildfires? Canada has bounced back nicely, increasing significantly month-over-month. Year-over-year (May, 2015, vs May, 2016)? Almost identical and both years about 10% greater than in 2014.