Saudi, Iran, Iraq Continue Market Share Battle Ahead Of Output ‘Deal’

China and the US have been running neck and neck as the world’s top crude importer in the first nine months of 2016: China imported 7.7mn b/d and the US 7.8mn b/d.

For the US, 68% of imports came from within the Americas and a full 3.2mn b/d from Canada alone. That said, the regional share is down from 2015’s record 74%. Of overseas suppliers Saudi Arabia remains top with 1.11mn b/d, up from 2015’s six-year low of 1.05mn b/d. The other key gains have come from Iraq (390,000 b/d in January-September up from 229,000 b/d for 2015) and Nigeria (207,000 b/d up from 56,000 b/d). (CONTINUED - 483 WORDS)