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US crude oil imports drop

Oil&Gas Materials 20 October 2016 11:42 (UTC +04:00)
The WTI oil price was $50.35 per barrel on Oct.14, or $0.59 above last week’s price and $3.05 over a year ago.
US crude oil imports drop

Baku, Azerbaijan, Oct.20

By Leman Zeynalova – Trend:

The WTI oil price was $50.35 per barrel on Oct.14, or $0.59 above last week’s price and $3.05 over a year ago, the US Energy Information Administration (EIA) said in its Weekly Petroleum Status Report.

US crude oil refinery inputs averaged about 15.4 million barrels per day during the week ending Oct.14, or 182,000 barrels per day less than the previous week’s average, said the report.

“Gasoline production decreased last week, averaging 9.5 million barrels per day,” said EIA. “Distillate fuel production increased last week, averaging 4.6 million barrels per day.”

The report said that the US crude oil imports averaged 6.9 million barrels per day last week, down by 954,000 barrels per day from the previous week.

Over the last four weeks, crude oil imports averaged about 7.6 million barrels per day, 3.1 percent above the same four-week period last year, according to the EIA.

Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 871,000 barrels per day, while distillate fuel imports averaged 32,000 barrels per day last week.

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