U.S. crude oil imports averaged 5.4 million barrels per day (b/d) last week, down by about 448,000 b/d from the previous week, while crude oil exports averaged about 2.5 million b/d, down by about 31,000 b/d from the previous week, according to the Weekly Petroleum Status Report.
Over the past four weeks, crude oil imports averaged about 5.9 million b/d, up by about 281,000 b/d year on year, while crude oil exports averaged about 2.9 million b/d, down by about 145,000 b/d year on year.
The United States has been a world important oil producer in the past years with the help of its shale oil production growth. Meanwhile, China is one of the biggest oil importers.
According to the latest release from the Chinese National Bureau of Statistics, China imported 49.66 million tonnes of crude oil in March this year, up 20.8 percent year on year.
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