Thanks, help me a little, is this what we’re importing into the US and the countries of origin? Explain crude oil vs. total imports?
We have oil refineries in this country. We refine our own oil and also imported crude oil from other countries that are on that list.
Our demand is greater than we can refine so to meet demand, we import more already refined products like diesel, gasoline etc that has been refined in other countries.
Iran has the opposite problem. In a bizzare situation, Iran exports crude oil and doesn't have the refineries to convert it to gasoline, so Iran imports gasoline from other countries. - tom