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

Thursday, 25 May 2023 | 20:00

U.S. crude oil imports decreased while exports increased during the week ending May 19, the U.S. Energy Information Administration (EIA) said in a report released on Wednesday.

U.S. crude oil imports averaged 5.85 million barrels per day (b/d) last week, down by 1.01 million b/d from the previous week, while crude oil exports averaged 4.549 million b/d, up by 239,000 b/d from the previous week, according to the Weekly Petroleum Status Report.

Over the past four weeks, crude oil imports averaged about 6.165 million b/d, down by 3.9 percent from the same four-week period last year.

During the same period, crude oil exports averaged about 4.118 million b/d, up by 15.1 percent 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.
Source: Xinhua

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