U.S. oil imports down, exports up last week: EIA

By Gao Lu

HOUSTON, Nov. 25 (Xinhua) -- U.S. crude oil imports decreased while exports increased during the week ending Nov. 20, the U.S. Energy Information Administration (EIA) said on Wednesday.

U.S. crude oil imports averaged 5.2 million barrels per day (b/d) last week, down by about 26,000 b/d from the previous week, while crude oil exports averaged about 2.8 million b/d, up by about 83,000 b/d from the previous week, according to the Weekly Petroleum Status Report.

Over the past four weeks, crude oil imports averaged about 5.3 million b/d, down by about 744,000 b/d year on year, while crude oil exports averaged about 2.7 million b/d, down by about 226,000 b/d year on year.

The United States became a world important oil producer in the past years with the help of its shale oil production growth. Meanwhile, China has become one of the biggest oil importers.

According to the latest release from the Chinese National Bureau of Statistics, China imported 42.56 million tonnes of crude oil in October, down 6.5 percent year on year.

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