Did only 3% of US oil imports come from Russia in 2021?

Wednesday, March 9, 2022
By Jacob Alabab-Moser

In 2021, U.S. oil and petroleum-product imports from Russia rose 8%, spiking in the second half of the year after hurricanes along the Gulf Coast hampered domestic crude production. Imports totaled approximately 245 million barrels last year, compared to about 198 million barrels in 2020 and about 190 million barrels in 2019. Reuters reported that 30% of Russian imports were crude oil, with the remainder being refined products.

Russia was America's fourth-largest foreign source of oil in 2021 after Canada, Mexico and Saudi Arabia. Last year's sales were the highest since at least 1995—the furthest back U.S. Energy Information Administration data go.

President Biden has committed to releasing more than 90 million barrels of oil from the Strategic Petroleum Reserve after banning Russian oil imports earlier this week in response to Russia's invasion of Ukraine.

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