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U.S. Oil Imports Down, Exports up Last Week

U.S. crude oil imports decreased while exports increased during the week ending Oct. 13, the U.S. Energy Information Administration (EIA) said on Wednesday.

U.S. crude oil imports averaged 5.942 million barrels per day (b/d) last week, down by 387,000 b/d from the previous week, while crude oil exports averaged 5.301 million b/d, up by 2.234 million b/d from the previous week, according to the EIA’s Weekly Petroleum Status Report.

Over the past four weeks, U.S. crude oil imports averaged about 6.428 million b/d, up by 5.5 percent from the same period last year, while crude oil exports averaged about 4.334 million b/d, up by 7.0 percent year on year.

The United States has been one of the world’s important oil producers in past years with the help of its shale oil production growth.

source

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