US API Monthly Statistical Report

Total April U.S. petroleum demand, as measured by total domestic petroleum deliveries, rose by 0.8 percent from March but was down by 0.9 percent from April 2023 to 19.9 million barrels per day (mb/d). The small year‐on‐ year decrease in U.S. petroleum demand was mostly driven by decreases in gasoline demand (3.3 percent y/y); kerosene‐jet demand (1.5 percent y/y); and distillate demand (7.4 percent y/y). Other oils demand–mainly used in the production of intermediate products in refining and petrochemicals such as consumer products ...

In March, total U.S. petroleum demand, as measured by total domestic petroleum deliveries, rose by 4.0 percent from February last month and by 0.1 percent from March last year to 20.1 million barrels per day (mb/d). The slight yearly increase in U.S. petroleum demand was mostly driven by increases in kerosene-jet demand (1.8 percent y/y); residual demand (18.1 percent y/y); and other oils demand–mainly used in the production of intermediate products in refining and petrochemicals such as medical plastics, films, and packaging (+10.0 ...

Total U.S. domestic petroleum deliveries reached 20.3 million barrels per day (mb/d) in December. This was an increase of 1.4 percent from November and 4.9 percent from December 2022. The December increase helped to bring 2023 U.S. petroleum demand to 20.2 mb/d, the highest level since 2019. An increase in driving and flying in December helped to boost gasoline and jet fuel demand this year compared to last year. Consumer gasoline demand, measured by motor gasoline deliveries, was 8.8 mb/d in December which was 2.0 and 2.2 percent ...

The average price of WTI fell declining 4.2% from $89.43 per barrel to $85.64 per barrel in October. Prior to October, the average price for WTI from July to September had been increasing, averaging 8.4% month-over month - mostly from concerns over supply risks from geopolitical tension. Prices eventually shed the war premium - from October 1 through October 30, WTI oil prices fell $5.78 per barrel. The conflict does have the potential of having a significant impact on supply. U.S. seasonal refinery maintenance work continued into ...

An overall tightness in the global oil market had the U.S. crude oil benchmark rising to a nine-month high and motor gasoline prices moving to 90 cents above the five-year average. The price increase was primarily a result of the contraction in global supply from the oil production cuts from Saudi Arabia and Russia of more than 1 million barrels per day. Refinery disruptionsin Texas and Louisiana, partially due to the prolonged heatwave, also contributed. These dynamics were reflected in the Consumer Price Index, which is a measure ...