Both U.S. crude oil imports and exports went up during the week ending Feb. 15, the U.S. Energy Information Administration (EIA) said on Thursday.
According to the Weekly Petroleum Status Report, U.S. crude oil imports averaged 7.5 million barrels per day (b/d) last week, up by about 1.3 million b/d from the previous week, while crude oil exports averaged 3.6 million barrels a day, up by about 1.2 million b/d from the previous week.
Over the past four weeks, crude oil imports averaged about 7.0 million b/d, 10.5 percent less than the same four-week period last year. The daily average exports of crude oil over the past four weeks were about 2.7 million barrels, up by 1.1 million b/d year-on-year.
When adding in all imports and exports of crude oil and petroleum products, the United States imported a net 1.1 million b/d last week, seeing a growth of 475,000 barrels from the week from Feb. 5 to Feb. 11.
Market participants had anticipated a jump in oil exports as shipments ramped up after fog disrupted loadings in the U.S. Gulf Coast a week earlier, according to Hart Energy, a local energy industry publisher.
Editor:Cherie
