U.S. crude oil imports averaged 6.9 million barrels per day (b/d) last week, down by 669,000 b/d from the previous week, while crude oil exports averaged about 2.9 million b/d, down by about 425,000 b/d from the previous week, according to the Weekly Petroleum Status Report.
According to the EIA's latest Short-Term Energy Outlook, U.S. net imports of crude oil and petroleum products fell from an average of 3.8 million b/d in 2017 to 2.3 million in 2018.
New technologies that allow the United States to extract oil and gas from shale rock formations has led to a boom in U.S. energy production in recent years.
As a result, its net energy imports are expected to fall continuously in the coming years.
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