Update: US oil-import market. 1982 top 7 suppliers to US import market: how their shares changed since 1973

Title: Update: US oil-import market. 1982 top 7 suppliers to US import market: how their shares changed since 1973 (in English and Spanish)

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Abstract

This issue updates the Energy Detente 7/09/82, which tracked US oil imports since the Arab Oil Embargo. Since then, the phrase oil glut became common even among cautious market analysts as many exporters, hard-pressed for petrodollars, produced much more than the market was prepared to absorb. To examine how the US import market has adjusted to this continued buyers market, the top seven suppliers of 1982 are tracked backwards through time. A graph shows the 1982 reversal of Mexico's and Saudi Arabia's positions in this market. The three main reasons for Mexico's strong present position in the US market are: crude costs and corresponding refined value; proximity to US refining centers; and strategic importance of Mexico's economic stability through oil sales. Interviews with various US refiners and other market observers confirm that these elements will persist during 1983, regardless of significant price cuts among OPEC and other producers. It is believed that the profitability of running heavy Maya crude in sophisticated plants will continue to look optimistic, and that Mexican crude sales to the Strategic Petroleum Reserve implies US government interest in Mexico's economic recovery, and in its stability in the light of civil wars being waged in Central America.more »« less

Publication Date:: Wed Mar 09 00:00:00 EST 1983

OSTI Identifier:: 6581909

Resource Type:: Journal Article

Journal Name:: Energy Detente; (United States)

Additional Journal Information:: Journal Volume: 4:5

Country of Publication:: United States

Language:: English and Spanish

Subject:: 02 PETROLEUM; 29 ENERGY PLANNING, POLICY AND ECONOMY; COAL; PRICES; MEXICO; ECONOMIC POLICY; PETROLEUM; NATURAL GAS; OIL-EXPORTING COUNTRIES; MARKET; IMPORTS; PETROLEUM PRODUCTS; USA; STATISTICAL DATA; TAXES; CARBONACEOUS MATERIALS; DATA; DEVELOPING COUNTRIES; ENERGY SOURCES; FLUIDS; FOSSIL FUELS; FUEL GAS; FUELS; GAS FUELS; GASES; GOVERNMENT POLICIES; INFORMATION; LATIN AMERICA; MATERIALS; NORTH AMERICA; NUMERICAL DATA; 020700* - Petroleum- Economics, Industrial, & Business Aspects; 294002 - Energy Planning & Policy- Petroleum; 290200 - Energy Planning & Policy- Economics & Sociology

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                    . Update: US oil-import market. 1982 top 7 suppliers to US import market: how their shares changed since 1973.  United States: N. p., 1983. 
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                    . Update: US oil-import market. 1982 top 7 suppliers to US import market: how their shares changed since 1973.  United States.

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                    . 1983.  
        "Update: US oil-import market. 1982 top 7 suppliers to US import market: how their shares changed since 1973".  United States.

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@article{osti_6581909,

  title        = {Update: US oil-import market. 1982 top 7 suppliers to US import market: how their shares changed since 1973},

  author       = {},

  abstractNote = {This issue updates the Energy Detente 7/09/82, which tracked US oil imports since the Arab Oil Embargo. Since then, the phrase oil glut became common even among cautious market analysts as many exporters, hard-pressed for petrodollars, produced much more than the market was prepared to absorb. To examine how the US import market has adjusted to this continued buyers market, the top seven suppliers of 1982 are tracked backwards through time. A graph shows the 1982 reversal of Mexico's and Saudi Arabia's positions in this market. The three main reasons for Mexico's strong present position in the US market are: crude costs and corresponding refined value; proximity to US refining centers; and strategic importance of Mexico's economic stability through oil sales. Interviews with various US refiners and other market observers confirm that these elements will persist during 1983, regardless of significant price cuts among OPEC and other producers. It is believed that the profitability of running heavy Maya crude in sophisticated plants will continue to look optimistic, and that Mexican crude sales to the Strategic Petroleum Reserve implies US government interest in Mexico's economic recovery, and in its stability in the light of civil wars being waged in Central America. This issue presents the Energy Detente (1) fuel price/tax series and (2) industrial fuel prices for March 1983 for countries of the Eastern Hemisphere. 6 figures, 8 tables.},

  doi          = {},

  url          = {https://www.osti.gov/biblio/6581909},
  journal      = {Energy Detente; (United States)},
number       = ,

  volume       = 4:5,

  place        = {United States},

  year         = {Wed Mar 09 00:00:00 EST 1983},

  month        = {Wed Mar 09 00:00:00 EST 1983}

}

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