Last updateFri, 14 Aug 2020 6pm

End-User News

API Reports Continued Rebound in U.S. Petroleum Demand

The recovery of U.S. petroleum markets broadly continued in June with U.S. petroleum demand increasing nearly nine% to 17.6 million barrels per day (b/d), according to data released in the American Petroleum Institute’s (API) June 2020 Monthly Statistical Report.

Motor gasoline accounted for more than 85% of the demand rebound as more motorists hit the road with the gradual reopening of state economies. Meanwhile, jet fuel deliveries rose for the first time in 2020, surging more than 41% between May and June, but still down over 61% year-over-year.

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