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

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

Source: Xinhua| 2022-03-03 03:27:13|Editor:

HOUSTON, March 2 (Xinhua) -- U.S. crude oil imports decreased while exports increased during the week ending Feb. 25, the U.S. Energy Information Administration (EIA) said in a report released on Wednesday.

U.S. crude oil imports averaged 5.77 million barrels per day (b/d) last week, down by about 1.06 million b/d from the previous week, while crude oil exports averaged about 3.8 million b/d, up by about 1.11 million b/d from the previous week, according to the Weekly Petroleum Status Report.

Over the past four weeks, crude oil imports averaged about 6.2 million b/d, 9.4 percent more than the same four-week period last year.

During the same period, crude oil exports averaged about 2.96 million b/d, up by about 177,000 b/d year on year.

The United States has been one of the world's important oil producers in past years with the help of its shale oil production growth.

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