ZCZC
BCN-08
US-OIL-MARKETS-EIA
U.S. oil imports down, exports up last week: EIA
HOUSTON, Aug. 22, 2019 (BSS/Xinhua) – U.S. crude oil imports decreased
while exports increased during the week ending Aug. 16, the U.S. Energy
Information Administration (EIA) said Wednesday.
U.S. crude oil imports averaged 7.22 million barrels per day (b/d) last
week, down by 497,000 b/d from the previous week, while crude oil exports
averaged about 2.80 million b/d, up by about 120,000 b/d from the previous
week, according to the Weekly Petroleum Status Report.
Over the past four weeks, crude oil imports averaged about 7.19 million
b/d, down by 867,000 b/d year on year, while crude oil exports averaged about
2.48 million b/d, up by about 1.004 million b/d year on year.
U.S. crude oil production remains unchanged: EIA
U.S. crude oil production remained unchanged during the week ending Aug.
16, U.S. Energy Information Administration (EIA) said Wednesday.
According to the EIA, U.S. crude oil production averaged 12.3 million
barrels per day (b/d) last week, same from the previous week and up by about
1.3 million b/d year on year. This was the second week that the U.S. crude
oil production remained unchanged after increasing for two consecutive weeks.
U.S. crude oil production will reach record level in 2019 and 2020,
according to the EIA earlier this month.
In its latest Short-Term Energy Outlook (STEO), EIA forecast U.S. crude oil
production will average 12.3 million barrels b/d in 2019 and 13.3 million b/d
in 2020, both of which would be record levels.
EIA also estimated that U.S. crude oil production will average 11.7 million
b/d in July 2019, down by 0.3 million b/d from the June level.
BSS/XINHUA/HR/1120