The U.S. Energy Information Administration said an oil import tracking tool is meant to assess the impact of a “possible relaxation” of export restrictions. U.S. crude oil imports have declined steadily since 2010, as output from domestic shale basins increase. In a weekly petroleum report, EIA said U.S. oil production was around 9 million barrels per day. EIA said in a brief announcing the oil import tool it’s meant highlight the internal market response to growing domestic crude oil production. “It is one part of EIA’s ongoing effort to assess the effects of a possible relaxation of current limitations on U.S. crude oil exports, which is another avenue to accommodate domestic production growth,” the administration said in its Thursday brief. “EIA is undertaking […]