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U.S. Oil Imports Up, Exports Down Last Week

crude oil, UAE-based Indian national sanctioned by US for smuggling Iranian oil.

U.S. crude oil imports increased while exports decreased during the week ending Oct. 6, the U.S. Energy Information Administration (EIA) said in a report released on Thursday.

U.S. crude oil imports averaged 6.329 million barrels per day (b/d) last week, up by 115,000 b/d from the previous week, while crude oil exports averaged 3.067 million b/d, down by 1.889 b/d from the previous week, according to the Weekly Petroleum Status Report.

Over the past four weeks, crude oil imports averaged about 6.572 million b/d, up by 3.5 percent from the same four-week period last year.

During the same period, crude oil exports averaged about 4.276 million b/d, up by 9.6 percent year on year.

The United States has been one of the world’s important oil producers in past years with the help of its shale oil production growth.