U.S. oil imports increase, exports decrease in past week

(MENAFN) On Wednesday, Jun. 23 the U.S. energy Information Administration (EIA) stated that U.S. crude oil imports soared whereas exports plunged in the week concluding June 18.

The Weekly petroleum Status Report said that U.S. crude oil imports hovered 6.9 million barrels a day (b/d) in the past week, a rise by around 197,000 b/d from the prior week, whereas crude oil exports hovered about 3.7 million b/d, a decrease by around 233,000 b/d from the prior week.

During the last four weeks, crude oil imports hovered around 6.5 million b/d, a decrease by around 67,000 b/d annually, whereas crude oil exports hovered around 3.3 million b/d, a rise by around 540,000 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 greatest oil importers.



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