The United States imported the first shipment of crude oil from Denmark in 12 years, Bloomberg reported.
BP, a major British oil and gas company, delivered 630,000 barrels of crude oil from the Danish North Sea to Louisiana, US. The cargo may have been intended to replace Canadian energy as crude supplies from Canada were earlier disrupted by the Fort McMurray wildfire, said Erika Coombs, a senior energy analyst at BTU Analytics LLC, Colorado.
The US is divided into five oil regions called Petroleum Administration for Defense Districts (PADDs). Each of these regions has its own fuel storage facilities. According to data from the Energy Information Administration, Danish crude imports are the first shipments in almost 20 years delivered from Denmark to the six-state PADD 3 that comprises the southern central states of Alabama, Arkansas, Louisiana, Mississippi, New Mexico, and Texas.
In May, severe wildfires were raging across the Canadian oil-producing province of Alberta, leading to a sharp drop in Canada’s crude output and thus pushing global oil prices higher.
