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America oil demand in February fell 2.3%

Release Date:2012-05-05  Hits:162
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American Petroleum Institute chief economist John Fermi gasoline demand growth, while not obvious, but reflects the impact of recent employment growth.



The American Petroleum Institute on behalf of the United States more than 500 oil and gas enterprises, the output value of these enterprises accounted for 7.7 percent of U.S. gross domestic product.



The report also said the month gasoline deliveries increased to a daily average of 872.4 million barrels, an increase of 0.9 percent, the first increase since February 2011.


The American Petroleum Institute released a report on the 16th, the United States in February this yearWorld Steel Pipe , measure the oil delivery than on the domestic demand for oil decreased by 2.3% a year earlier, down to a daily average of 1842 World pipe network reported that the world's steel pipe network to provide the world's steel pipe network editor .6 million barrels (1 barrel equals 159 liters).



In addition, as of the end of February this year, U.S. crude oil inventories (excluding the Strategic Petroleum Reserve) increased by 6.2 percent to $ 3.458 billion barrels.



Despite the decline in demand, but supply is still increasing. The report also said the U.S. domestic crude oil production in February increased to a daily average of 577.6 million barrels, an increase of 2.9%; gasoline production over the same period increased to a daily average of 909.8 million barrels, an increase of 3.5%, rose to a record high.



The data also show that U.S. oil imports in February dropped to a daily average of 1043.0 million barrels, down 0.7%, imports of refined oil dropped to a daily average of 157.4 million barrels, down 36.8 percent; the same period refined oil exports increased to average daily 304.2 million barrels, an increase of 18.1%.

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