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Last updateTue, 11 Dec 2018 5pm

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End-User News

U.S. Sets New Record for Petroleum Demand

The American Petroleum Institute’s latest monthly statistical report showed U.S. petroleum demand in October was 20.8 million barrels per day (mb/d), the strongest for the month since 2006. The U.S. also set October records for gasoline demand at 9.5 mb/d; refining and petrochemical demand for liquid feedstocks, naphtha, and gasoil at 5.1 mb/d; and, refinery throughput at 16.6 mb/d.

The Energy Information Administration (EIA) separately revised its short-term outlook to project a global oil supply surplus and lower prices for this quarter through 2019. 

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