VOL. XXXIV

NO. 32

13-MAY-1991

Supply/Demand

US Oil Imports Drop 17.2% in 1Q91

US oil imports in the first quarter of this year dropped 1.5mn b/d, averaging6.987mn b/d, compared to 8.438mn b/d during the same period last year, or adecline of 17.2%, according to the latest issue of the API's Monthly StatisticalReport. The report commented that "though rising inventories in the yearago period and a decline for this year's first quarter account for a substantialportion of the drop, recent trends in...