U.S. PETROLEUM IMPORTS HIGHEST IN MORE THAN 2 YEARS

The American Petroleum Institute has reported that U.S. petroleum imports of 8.8 million b/d in October were at their highest level in more than 2 years. API said imports of crude and products averaged 8,814,000 b/d, up 18% from the same month a year ago. Total U.S. deliveries of petroleum products rose 2.3%, reversing the year to year declines seen in the past several months. But API noted October's weather was colder than normal, and deliveries were flat on a seasonally adjusted basis.

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