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U.S. oil imports, exports down last week: EIA
Last Updated: 2019-04-11 16:37 | Xinhua
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U.S. crude oil imports and exports both decreased during the week ending April 5, the U.S. Energy Information Administration (EIA) said on Wednesday.

U.S. crude oil imports averaged 6.6 million barrels per day last week, down by 164,000 barrels per day from the previous week, while crude oil exports averaged 2.3 million barrels per day, down by 374,000 barrels from the previous week, according to the Weekly Petroleum Status Report.

Over the past four weeks, crude oil imports averaged about 6.7 million barrels per day, 15.5 percent less than the same four-week period last year, while crude oil exports averaged about 2.8 million barrels per day, up by about 1.2 million barrels per day 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 barrels per day in 2017 to 2.3 million barrels per day in 2018. The EIA forecasts that the net imports will continue to fall to 1.0 million barrels per day in 2019.

The EIA also said that in the fourth quarter of 2020, the United States will become a net exporter of crude oil and petroleum products, with an export level of about 900,000 barrels per day.

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