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

Thursday, 07 January 2021 | 21:00

U.S. crude oil imports and exports both increased during the week ending Jan. 1, the U.S. Energy Information Administration (EIA) said on Wednesday.

U.S. crude oil imports averaged 5.4 million barrels per day (b/d) last week, up by about 43,000 b/d from the previous week, while crude oil exports averaged about 3.6 million b/d, up by about 7,000 b/d from the previous week, according to the Weekly Petroleum Status Report.

Over the past four weeks, crude oil imports averaged about 5.4 million b/d, down by about 1.2 million b/d year on year, while crude oil exports averaged about 3.2 million b/d, down by about 393,000 b/d year on year.

The United States became a world important oil producer in the past years with the help of its shale oil production growth. Meanwhile, China has become one of the biggest oil importers.

According to the latest release from the Chinese National Bureau of Statistics, China imported 45.36 million tonnes of crude oil in November 2020, down 0.8 percent year on year.
Source: Xinhua

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