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Analysts had expected that increasing imports from Venezuela and Saudi Arabia would send inventories higher.
Though the United States has been increasing imports, oil prices have fallen recently.
And China is increasing imports and production of natural gas, the cleanest fossil fuel.
Though the United States has been increasing imports, oil prices had fallen over the last few weeks.
But energy executives say that increasing imports will probably delay a recovery in production, which until now depended almost entirely on national market forces.
Meanwhile, Mr. Perdomo said, the Mexican sugar market is steadily shrinking because of increasing imports of less costly high fructose corn syrup from the United States.
Similar(22)
Costlier oil will add to many Asian economies' woes by increasing import bills for companies and countries.
Increasing import dependency puts us at the mercy of not only volatile global energy markets, but both physical and political energy security issues.
"In order to support economic growth and energy demands, they will need to diversify energy supplies by increasing import partners and expanding domestic production and renewable energy sources".
The European Union, the world's leading food importer, has increased imports 20percentt in the last five years.
These increased imports then, in most cases, are associated with increased availability of the food product.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com