U.S. crude oil imports averaged 7.3 million barrels per day (b/d) last week, down by 284,000 b/d from the previous week, while crude oil exports averaged about 3 million b/d, up by about 58,000 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 1.018 million b/d year on year, while crude oil exports averaged about 3.3 million b/d, up by about 874,000 b/d year on year.
In its latest Short-Term Energy Outlook (STEO) released Tuesday, the U.S. crude oil and petroleum product net imports will average 0.6 million b/d in 2019, down from an average of 2.3 million b/d in 2018. EIA forecast the United States will be a net exporter of crude oil and petroleum products at a rate of 0.1 million b/d by the fourth quarter of 2019 and by an average of 0.5 million b/d in 2020.
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