Last updateThu, 22 Mar 2018 4pm


End-User News

API: Petroleum Demand Last Month Highest Since 2007

Total petroleum deliveries moved up 2.6% from June 2016 and were up by 1.0% from May to average 20.3 million barrels per day in June. These deliveries were the highest deliveries for the year and the highest deliveries for the month of June in 10 years, since 2007. For the second quarter, total domestic petroleum deliveries increased 3.0% compared to the second quarter 2016. For year to date, total domestic petroleum deliveries increased 1.6% compared to the same period last year.

At 9.3 million barrels per day, U.S. crude oil production in June increased 7.2% from June 2016, but nearly unchanged from May. Compared to second quarter 2016 and year to date 2016, domestic crude oil production increased 4.6% and 1.4%, respectively. This was the highest crude production level for the month of June in 45 years, since 1972. 



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