(MENAFN) The U.S. Energy Information Administration (EIA) said on Wednesday that, US crude oil imports and exports both dropped off through the week ending July 12.
According to the Weekly Petroleum Status Report, U.S. crude oil imports averaged 6.8 million barrels per day last week, down 470,000 per day from the last week, as crude oil exports averaged about 2.5 million per day, down about 514,000 per day from the last week.
Over the past four weeks, crude oil imports averaged about 7.1 million per day, down 1.38 million per day annual, as crude oil exports averaged about 3.1 million per day, up about 880,000 per day annual.
The U.S. crude oil and petroleum product net imports will average 0.6 million per day in 2019, down from an average of 2.3 million per day in 2018. As said by EIA, in its latest Short-Term Energy Outlook released last week.
The United States will be a net exporter of crude oil and petroleum products at a rate of 0.1 million per day by the fourth quarter of 2019 and by an average of 0.5 million per day in 2020, as EIA forecasted.