Principle commodities mark positive export growth, but overall exports shrink
Global headwinds and recessionary trends in India’s biggest export destinations have led to the sequential fall in Indian merchandise exports.
US crude oil imports decreased while exports increased during the week ending March 10, the US Energy Information Administration (EIA) said in a report.
US crude oil imports decreased while exports increased during the week ending March 10, the US Energy Information Administration (EIA) said in a report.
US crude oil imports averaged 6.216 million barrels per day (b/d) last week, down by 55,000 million b/d from the previous week, while crude oil exports averaged 5.027 million b/d, up by 1.665 million b/d from the previous week, according to the Weekly Petroleum Status Report on Wednesday.
Over the past four weeks, crude oil imports averaged about 6.255 million b/d, down by 1.1 per cent from the same four-week period last year, Xinhua news agency reported.
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During the same period, crude oil exports averaged about 4.654 million b/d, up by 57.2 per cent year-on-year.
The US has been one of the world’s important oil producers in past years with the help of its shale oil production growth.
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