US oil imports, exports down last week: EIA

17:17, November 07, 2019

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  US oil imports up, exports down last week: EIA

  File photoHOUSTON, Oct. 30 (Xinhua) -- U.S. crude oil imports increased while exports decreased during the week ending Oct. 25, the U.S. Energy Information Administration (EIA) said Wednesday.U.S. crude oil imports averaged 6.70 million barrels per day (b/d) last week, up by 840,000 b/d from the previous week, while crude oil exports averaged about 3.33 million b/d, down by about 356,000 b/d from the previous week, according to the Weekly Petroleum Status Report.Over the past four weeks, crude oil imports averaged about 6.27 million b/d, down by 1.24 million b/d year-on-year, while crude oil exports averaged about 3.42 million b/d, up by about 1.16 million b/d year-on-year.

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  China to overtake US as top importer: consultancy head

  People taste imported delicacies at a food pavilion in the ongoing second China International Import Expo (CIIE) in Shanghai. Food remains the most popular commodity at this years CIIE, with many purchasers talking to exhibitors outside the pavilion. (Photo: Global Times)China is expected to overtake the US as the worlds largest importer while retaining its position as the worlds top exporter for years to come, the chairman of a blue-chip US consulting firm said in Beijing on Friday.China "will continue to be the biggest exporter for many years to come," and current import data and estimated growth rates point to China becoming the biggest importer, Hans-Paul Bürkner, chairman of the Boston Consulting Group (BCG), said in an interview with the Global Times in Beijing on Friday.Without giving a specific date for that to happen, Bürkner said, "Im sure the government has made some careful calculations, [and] at some stage the Chinese economy will be the largest in the world, therefore the largest importer."At a forum during the second China International Import Expo (CIIE) in Shanghai on Thursday, Vice Commerce Minister Wang Bingnan said China is expected to import more than $30 trillion in goods in the next 15 years and more than $10 trillion in services.He reiterated the pledge by the Chinese leadership at the first CIIE in November 2018.The official target means Chinas goods imports would reach $2 trillion a year on average over the next 15 years, according to Wu Jinduo, head of fixed income at the research institute of Great Wall Securities.Chinas total imports grew 15.8 percent to $2.14 trillion last year despite grinding trade woes with the US, Chinese customs data showed. With the country gradually acclimating to the trade tensions and seeing a substantial improvement in trade with theASEANand the EU, and taking into account hopes for a phased trade deal between China and the US, the nations impo...

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  Russian FM calls US plan to guard Syrian oil robbery

  Russian.Lavrov.Syria.