US oil exports nearly halved

U.S. oil exports for the week ended Jan. 6 fell by almost half from the previous week to 2.137 million barrels per day, according to the U.S. Energy Information Administration under the U.S. Department of Energy.

Thus, this weekly decline in the index was the highest since 2021, when oil exports from the country fell in the week ended May 7 to 1.8 million barrels per day from 4.1 million barrels per day.

By contrast, U.S. oil imports for the week ended January 6 rose by 0.64 million bpd to 6.35 million bpd. Note that the index was at its highest level since September last year.

The export of oil and oil products from the country decreased over the past week by 1.814 million barrels per day, to 8.74 million barrels per day.

At the same time, imports of oil and petroleum products to the United States increased by 0.5 million barrels per day, amounting to 7.988 million barrels per day.

Source: News