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

Friday, 02 February 2024 | 17:00

The U.S. crude oil imports decreased while exports increased during the week ending Jan. 26,the U.S. Energy Information Administration (EIA) said in a report released on Wednesday.

U.S. crude oil imports averaged 5.605 million barrels per day (b/d) last week, up by 25,000 b/d from the previous week, while crude oil exports averaged 3.894 million b/d, down by 540,000 b/d from the previous week, according to the Weekly Petroleum Status Report.

Over the past four weeks, crude oil imports averaged about 6.211 million b/d, down by 5.9 percent from the same four-week period last year.

During the same period, crude oil exports averaged about 4.170 million b/d, up by 17.4 percent from the same four-week period last year, according to the report.

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.
Source: Xinhua

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