US oil imports rise as production falls

US crude oil imports increased in 2016 to an average of 7.9 million barrels per day (b/d). That’s according to a new report from the US Energy Information Agency, which shows this is 514,000 b/d higher than¬†average levels in 2015. However,¬†gross crude oil imports in 2016 were still 22% lower than their 2005 high of […]