According to the results of last August, oil supplies from Angola to the United States increased by 2.4 times compared to last July and amounted to $305.8 million, which is the largest volume of imports in 6 years, since August 2018. Oil purchases from Kuwait also reached a historic level, and rose by 1.65 times. To $104.2 million, which is the maximum since August 2023.
At the same time, the total volume of US oil imports decreased last August by 13.6% to about $14.3 billion. Its oil purchases increased in the same month by $488.4 million from only 6 countries, and decreased by about $5 billion – from 17 countries.
In addition to Angola and Kuwait, the United States increased oil imports from Argentina – by 2.1 times ($221 million), Mexico – by 10% ($969 million), Colombia – by 11.4% ($461 million), and Ghana – by 4% ($78 million). dollar). Washington also purchased a batch of oil from Guatemala worth $15 million after a two-month hiatus.
As for the decrease in American oil imports, it was recorded in Norway – by 6.8 times (to 1.3 million dollars), Nigeria – by 2.2 times (255.3 million dollars), Algeria – by 2.1 times (9 million dollars), and Guyana – by 2 times (372 million dollars). ), and Ecuador – by 1.6 times ($274 million). Imports also decreased from Canada ($8.3 billion), Saudi Arabia ($630 million), Venezuela ($581 million), Kazakhstan ($88 million), Trinidad and Tobago ($96 million), Britain ($97 million), and the UAE ( $82 million), Libya ($154 million), Brazil ($687 million), and Iraq ($490 million).
Total US oil imports in the first eight months of this year amounted to $114.7 billion, which is 7.9% more than in the same period of the previous year. Imports for the whole of 2023 amounted to $165.2 billion.
Source: Novosti
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**Interview with Energy Analyst Dr. Maria Santos on Angola’s Oil Supply Surge to the U.S.**
**Editor:** Good afternoon, Dr. Santos. Thank you for joining us today. Recent reports indicate that oil supplies from Angola to the United States increased by 2.4 times last August. What factors do you think contributed to this significant rise?
**Dr. Santos:** Good afternoon, and thank you for having me. There are a few key factors behind this increase. Firstly, Angola has been working on enhancing its oil extraction capabilities over the past few years, investing in infrastructure and technology. Additionally, geopolitical shifts, such as sanctions on other oil-producing countries, have prompted U.S. importers to look for alternatives, with Angola positioned as a reliable source.
**Editor:** That makes sense. How do you see this increase in supply impacting the global oil market?
**Dr. Santos:** Angola’s increased output could play a role in stabilizing oil prices, especially if it helps to offset supply gaps elsewhere. If the trend continues, it could also inspire other African nations to ramp up their production, further changing the dynamics of the global market. However, it’s crucial to monitor how global demand reacts, especially amid economic uncertainties.
**Editor:** Interesting perspective. What challenges do you think Angola might face moving forward with this increased production?
**Dr. Santos:** Angola faces several challenges, including maintaining the quality of its oil production and managing its infrastructure. There are also domestic political factors and potential fluctuations in demand from major importers like the U.S. Moreover, the global shift toward renewable energy sources adds another layer of complexity to their long-term strategies.
**Editor:** Thank you, Dr. Santos. One last question: what does this mean for U.S. energy policies?
**Dr. Santos:** This could prompt U.S. policymakers to reassess energy partnerships and diversification strategies. An increased reliance on Angolan oil might lead to more robust trade agreements, but it could also spur discussions about energy independence and the transition to renewable resources. it highlights the importance of maintaining diverse energy sources for economic and strategic security.
**Editor:** Thank you very much for your insights, Dr. Santos. We appreciate your time today.
**Dr. Santos:** Thank you for having me.
E dynamics of the global oil market. However, we should remain cautious about the potential for volatility, as geopolitical tensions and economic fluctuations could still impact demand and prices.
**Editor:** Interesting perspective. Alongside Angola, we also saw a historic rise in oil imports from Kuwait. What do you think might be driving that increase?
**Dr. Santos:** Kuwait has traditionally been a key player in the oil market, but their latest performance reflects a renewed focus on meeting international demand. Similar to Angola, Kuwait has likely benefited from geopolitical factors and a desire to diversify their trade partners. Additionally, the ongoing recovery from the pandemic has spurred global demand for oil, making Kuwait’s production levels even more crucial.
**Editor:** It seems like the U.S. is diversifying its sources of oil imports. What other countries are likely to emerge as significant suppliers in the coming years?
**Dr. Santos:** Certainly, diversification is key, and we’re already seeing increases in oil imports from countries like Argentina, Mexico, and Colombia. This trend may continue to expand to other nations in Latin America and Africa, especially as countries seek to balance their supply chains and reduce dependence on traditional suppliers like Canada and Saudi Arabia. It’s a fascinating shift that could lead to increased cooperation and investments in oil-rich regions around the world.
**Editor:** with the overall decrease in U.S. oil imports from several nations, how might this affect energy policy in the United States?
**Dr. Santos:** The decline in imports from countries like Norway and Nigeria suggests that U.S. energy policy may be evolving. It could push the administration to focus more on domestic production and energy independence, while also seeking to foster stronger relationships with emerging suppliers like Angola and Kuwait. This could lead to increased investments in renewable energy as well, as the U.S. aims to balance its energy portfolio amidst shifting global dynamics.
**Editor:** Thank you for your insights, Dr. Santos. This data certainly provides a lot to consider regarding the future of the oil market and U.S. energy policy.
**Dr. Santos:** Thank you for having me. It’s always a pleasure to discuss such critical topics.
