NO. 22

6 MARCH 1989


US Oil Imports Averaged 8.24mn b/d in January; Production Declines

US crude oil and petroleum products imports in January averaged 8.241mn b/d,an increase of 20.6% over the January 1988 figure of 6.833mn b/d, according toAPI's Monthly Statistical Report. This is the first month that oil importsaveraged more than 8mn b/d since 1980. The API also reported a sharp increase indeliveries of petroleum products in January, a key measure of demand. For themonth, an...