U.S. oil imports down, exports up last week: EIA

Source: Xinhua| 2020-01-16 13:33:34|Editor: Shi Yinglun
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HOUSTON, Jan. 15 (Xinhua) -- U.S. crude oil imports decreased while exports increased during the week ending Jan. 10, the U.S. Energy Information Administration (EIA) said Wednesday.

U.S. crude oil imports averaged 6.55 million barrels per day (b/d) last week, down by 179,000 b/d from the previous week, while crude oil exports averaged about 3.48 million b/d, up by about 417,000 b/d from the previous week, according to the Weekly Petroleum Status Report.

Over the past four weeks, crude oil imports averaged about 6.61 million b/d, down by 994,000 b/d year-on-year, while crude oil exports averaged about 3.60 million b/d, up by about 1.04 million b/d year-on-year.

In the EIA's latest Short-Term Energy Outlook released Tuesday, EIA forecast that U.S. crude oil production will average 13.3 and 13.7 million barrels per day in 2020 and 2021, respectively.

EIA also forecast that the United States will be a net exporter of total crude oil and petroleum products by 0.8 million barrels per day in 2020 and by 1.4 million barrel per day in 2021.

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