ZCZC
BCN-21
US-ENERGY-OIL
U.S. oil imports, exports down last week: EIA
HOUSTON, Aug 1, 2019 (BSS/Xinhua) – U.S. crude oil imports and exports both
decreased during the week ending July 26, the U.S. Energy Information
Administration (EIA) said Wednesday.
U.S. crude oil imports averaged 6.66 million barrels per day (b/d) last
week, down by 365,000 b/d from the previous week, while crude oil exports
averaged about 2.57 million b/d, down by about 718,000 b/d from the previous
week, according to the Weekly Petroleum Status Report.
Over the past four weeks, crude oil imports averaged about 6.96 million
b/d, down by 1.05 million b/d year on year, while crude oil exports averaged
about 2.86 million b/d, up by about 992,000 b/d year on year.
In its latest Short-Term Energy Outlook (STEO) released earlier this
month, the U.S. crude oil and petroleum product net imports will average 0.6
million b/d in 2019, down from an average of 2.3 million b/d in 2018. EIA
forecast the United States will be a net exporter of crude oil and petroleum
products at a rate of 0.1 million b/d by the fourth quarter of 2019 and by an
average of 0.5 million b/d in 2020.
BSS/XINHUA/HR/1210