(MENAFN) On Wednesday, May. 26 the U.S. Energy Information Administration (EIA) stated that U.S. crude oil imports declined while exports rose in the week concluding May 21.
The Weekly Petroleum Status Report showed that U.S. crude oil imports hovered 6.3 million barrels a day (b/d) in the past week, a decrease by around 138,000 b/d from the prior week, whereas crude oil exports hovered around 3.4 million b/d, a climb by around 127,000 b/d from the prior week.
Throughout the last four weeks, crude oil imports hovered around 5.9 million b/d, a rise by around 31,000 b/d annually, whereas crude oil exports hovered around 3.2 million b/d, a decrease by around 208,000 b/d annually.
Thanks to its shale oil output expansion, the United States has turned into a key oil producer in the past years. In the meantime, China has turned into one of the largest oil importers.
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