On African oil.

AuthorRees, Matthew
PositionU.S. Economy - Brief article

"U.S. crude-oil imports from Africa topped those from the Middle East in 2006 for the first time in 21 years, U.S. government data show. Both regions accounted for a 22 percent share of U.S. crude imports, with Africa's supply topping the Mideast's by 8,000 barrels a day. Strong demand growth in Asia has pulled Persian Gulf crude eastward, while Africa's rising output, aided in part by U.S. investment, is...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT