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...
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