U.S. crude oil imports averaged 6.7 million barrels per day (b/d) last week, down by 812,000 b/d from the previous week, while crude oil exports averaged about 3.8 million b/d, up by about 348,000 b/d from the previous week, according to the Weekly Petroleum Status Report.
Over the past four weeks, crude oil imports averaged about 7.4 million b/d, down by 846,000 b/d year on year, while crude oil exports averaged about 3.4 million b/d, up by about 1.123 million b/d year on year.
In its latest Short-Term Energy Outlook (STEO) released earlier this month, 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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