In 2021, the supply of oil and oil products from Russia to the United States may increase by 5%, analysts polled by Izvestia expect. In 2020, the Russian Federation supplied 196.9 million barrels to the States, this year this volume may increase by 10 million barrels, Anna Bodrova, senior analyst at IAC Alpari, told Izvestia.
– Last year, Russian exporters sold oil and petroleum products to the United States for about $ 8-8.5 billion. This year this figure may exceed the level of $ 9 billion. This is a cautious forecast, since the price of oil is showing steady growth. According to the results of a cold February, it has risen in price by almost 17%, – the expert noted.
At the end of the second half of 2020, Russia, along with Canada and Mexico, entered the top 3 oil exporters to the United States, ahead of Saudi Arabia and the Persian Gulf countries. The United States is a major oil importer; today the country produces about 11 million barrels per day, and consumes almost 20.
The other day, ex-President Donald Trump at a conference of US conservative circles in Orlando (Florida) made an assertion that under Joe Biden, the United States would depend on Russian and Middle Eastern oil.
Read more in the exclusive material from Izvestia:
Deliveries are sweet: Russia may boost US oil exports