Tag: Oil Imports
Maine to Montreal pipeline shut down after 75 years
Maine to Montreal pipeline built to transport oil while German U-boats patrolled area PORTLAND, Maine _ A pipeline buried under three New England states that carried foreign crude oil from the Port of Portland to refineries in Montreal for 75 years has been mothballed. The oil has stopped flowing. The 236-mile-long pipeline was built to […]
US demand for petroleum fell in October, gasoline demand rose
U.S. total petroleum imports in October averaged nearly 9.4 million barrels per day, up 5.5% from prior year WASHINGTON – Total petroleum deliveries (a measure of demand) fell slightly in October by 0.3 percent from year ago levels, according to API’s Monthly Statistical Report for October 2015. Production of all four major products–gasoline, distillate, jet […]
American oil production to continue rising, imports to drop – EIA
American oil production – USA a net petroleum importer through 2040 In its recently released Annual Energy Outlook 2015, the Energy Information Administration expects American oil production to rise through 2020 as oil prices recover from their steep decline, reducing net petroleum (crude oil and petroleum products) imports. AEO 2015 explores the effects of domestic American oil production under […]
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