U.S. crude oil imports averaged 7.5 million barrels per day (b/d) last week, down by 114,000 million b/d from the previous week, while crude oil exports averaged about 3.4 million b/d, up by about 300,000 b/d from the previous week, according to the Weekly Petroleum Status Report.
Over the past four weeks, crude oil imports averaged about 7.5 million b/d, down by 613,000 b/d year-on-year, while crude oil exports averaged about 3.3 million b/d, up by about 1.22 million b/d year-on-year.
In its latest Short-Term Energy Outlook (STEO) released last week, EIA forecast annual U.S. crude oil production will increase by 1.4 million b/d in 2019 and by 0.9 million b/d in 2020, with 2020 production averaging 13.3 million b/d.
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