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Last updateFri, 16 Apr 2021 5pm

End-User News

API: Petroleum Demand Down 2.5% in February Year-Over-Year

Although winter emergency disruptions clouded the readings on oil supply, trade and inventories beginning in mid-February, the fundamental economic and oil demand recovery that the American Petroleum Institute (API) highlighted for January appeared to remain intact based on API's primary data on U.S. petroleum markets for February 2021. Total U.S. petroleum demand of 19.3 million barrels per day remained within 2.5% of its level from February 2020 despite ongoing effects of the COVID-19 pandemic. Leading economic indicators were mixed in February. 

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