SOURCE: Industrial Info Resources

Industrial Info Resources

March 25, 2013 06:15 ET

Rising U.S. Crude Oil Production Displaces Waterborne Imports, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Mar 25, 2013) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- North American crude-oil production has risen by about 3.1 million barrels per day (BBL/d) to about 11 million BBL/d since January 2010, and rising production has reduced U.S. waterborne imports of crude oil by about 2 million BBL/d since then, according to Chris Micsak, a senior energy analyst at BENTEK Energy LLC (Evergreen, Colorado). Waterborne imports are expected to continue falling as North American production increases and processing and transportation capacity expands, he told about 150 attendees at the Third Annual Niobrara Infrastructure Development Summit, produced by Information Forecast Incorporated.

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