NO. 42



API Reports Drop in US Crude Imports and Consumption in First Half of1991

US crude oil imports in the first half of 1991 fell 13.3% to 7.34mn b/dcompared to the first half of 1990, the largest drop in nine years, according tofigures released on 17 July in the American Petroleum Institute (API) mid-yearreport. The API attributed this decline in imports to higher domesticproduction, a weaker economy, and inventory changes. The drop in imports was insharp...