U.S. crude oil imports averaged 7.9 million barrels per day (b/d) last week, up by 1.065 million b/d from the previous week, while crude oil exports averaged about 3.3 million b/d, down by about 19,000 b/d from the previous week, according to the Weekly Petroleum Status Report.
Over the past four weeks, crude oil imports averaged about 7.3 million b/d, down by 598,000 b/d year on year, while crude oil exports averaged about 3.2 million b/d, up by about 1.17 million b/d year on year.
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.
The EIA forecast that the net imports would continue to fall to 1.0 million b/d in 2019.
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