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EIA: Top 5 US crude oil suppliers account for 72% of total crude imports; highest proportion since 1997

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Crude oil imports from the top five foreign suppliers to the United States—which in 2012 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq, in that order—accounted for almost 72% of total US net crude oil imports, the highest proportion since 1997, according to the US Energy Information Administration (EIA).

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Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

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Venezuela acted as a check on the overall level though, as the crisis-hit country’s production continues to hit fresh lows. If the situation persists, the case for a return to some kind of production cap may gain traction. —Eklavya Gupte, senior editor for S&P Global Platts. million b/d in June in order to meet domestic demand.

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EIA: nearly 69% of US crude oil imports in 2011 originated from 5 countries; Canada alone accounted for 25%

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The amount of crude oil the United States imported from its top five foreign suppliers—Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria—increased slightly during 2011, even though total US crude oil imports fell to their lowest level in 12 years, according to the US Energy Information Administration. Crude oil imports of 1.1

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

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In October, after ExxonMobil announced its fifth oil discovery after drilling the Turbot well, analysts at energy analytics company Wood Mackenzie observed that Guyana, which is currently a non-oil producing country, might soon become an oil and gas powerhouse in South America. billion recoverable oil-equivalent barrels.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

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GM Daewoo considering hybrid in 2011

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According to reports, the company, which was established in 2002, is carrying out projects to build eco-friendly cars, including a hybrid model. The company has also tentatively agreed with its labour union on the plan to produce a hybrid car in the country, according to an official.

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