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

Journal Article · Wed Mar 09 04:00:00 EST 1983 · Energy Detente; (United States)

OSTI ID:6581909

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.

• OSTI ID: 6581909
• Journal Information: Energy Detente; (United States), Journal Name: Energy Detente; (United States) Vol. 4:5; ISSN EDETD
• Country of Publication: United States
• Language: English and Spanish

Related Subjects

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