[...]is it true that USA is increasing it's crude oil imports from Russia year-over-year
Before we get to the technical answer, first let's point out the lies by omission.
The US imports very little oil from Russia. The amount has been steadily dropping since the summer. Because the volume is so low, by cherry picking one can find two weeks where the volume increased by 43%, but then it will have fallen by as much the next week. The 4-week moving average is less than 100,000 barrels a day and fell to 52,000 in the first week of April.
They fail to mention that the US has banned Russian oil imports, current imports are just allowing existing deliveries to complete.
The full US ban has not yet taken effect
According to NPR, on March 8th, 2022 US President Biden banned imports of Russian oil, LNG, and coal.
"The United States is targeting the main artery of Russia's economy," Biden said. "That means Russian oil will no longer be acceptable at U.S. ports, and the American people will deal another powerful blow to Putin's war machine."
However, existing contracts continue deliveries for 45 days, or until about April 22nd, 2022. So we expect deliveries to continue.
The ban also applies to U.S. imports of Russian liquefied natural gas (LNG), products made from oil, and coal. New purchases are to be ceased immediately, but U.S. buyers with existing contracts for Russian energy have 45 days to wind down deliveries.
The US imports very little oil from Russia
The US imports about 5.5 million barrels a day, mostly from Canada, and only about 100,000 from Russia or less than 2% of US oil imports.
Russia exports about 4.6 million barrels a day. Europe and China overwhelmingly consume most of Russian exported oil making pressure for them to cut their imports very important.
The US currently accounts for less than 1% of Russian exports making US imports... a drop in the barrel. 😎
Cherry Picking Week-to-Week Numbers
Official data from April 2022 is not available as of this writing, but since a peak of about 300,000 barrels a day last summer, imports have fallen to less than 100,000 barrels a day in March 2022 on average.
Because the week-to-week numbers are volatile and the volume so low, one can easily cherry pick a week and claim the US increased imports. For example, between the week of March 11th and March 18th imports almost doubled from 38,000 to 70,000, but March 11th was just 25% of the previous week.
The 4-week moving average remained fairly steady during March at about 70,000 to 80,000 barrels a day. The first week of April the 4-week average dropped to 52,000 barrels a day. And, again, these are deliveries on existing contracts and should hit zero by the end of April.