Release of US strategic reserve crude reduces imports

01/01/2001
US oil imports in November hit their lowest level in 9 months because the federal government released 600,000 b/d of crude oil from the Strategic Petroleum Reserve.American Petroleum Institute noted that US crude imports averaged 8.34 million b/d in November, compared with 8.94 million b/d for the year to date through October and the lowest level since last February. Product imports remained high at nearly 2.3 million b/d, so total crude and products imports still rose by 6% from November 1999.API, in its monthly statistical report, said total US deliveries jumped more than 4% in November to 19.9 million b/d compared with a year ago. Increases for all the major products contributed to the...
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