Skip to main content

Cold weather drives up January petroleum demand

Hydrocarbon Engineering,

The American Petroleum Institute (API) monthly statistical report reveals the following:

Deliveries (a measure of demand)

  • Total US petroleum deliveries grew by 3% from January 2013 to 19.2 million bpd last month.
  • Distillate deliveries increased by 0.5% from January 2013 and 9% from the prior month due to strong high sulfur distillate (HSD) demand.  Deliveries of HSD grew 63.1% from December compared to the prior year.
  • ‘Other oils’, including liquid petrochemical feedstocks, naphtha, gasoil, and propane were 27% of total deliveries.
  • Propane demand helped drive up deliveries of ‘other oils’ by 10.3% over year ago levels and 5.5% from the prior month.
  • Demand for gasoline rose 1.1% from January 2013 but dropped 5.2% from December 2013 to average 8.3 million bpd. Deliveries of residual fuel oil decreased by 18.3% from the prior year. Jet fuel demand increased by 7.6% from last year to the highest January level since 2008.


  • Crude oil production rose 15.1% from January 2013 to average 8.1 million bpd. This was the highest January output in 26 years.
  • Natural gas liquids (NGL) production rose 16.6% from last year to average a record 2.8 million bpd.
  • Gasoline production rose 4.5% from the previous year, reaching 9 million bpd.
  • Distillate fuel production rose 7.2% from last year, averaging nearly 4.8 million bpd. Both figures of record highs for January.


  • Total petroleum imports in January fell 7.9% from the prior year to 9.3 million bpd., while refined product imports fell 18.1% over the same period. Both figures reached their lowest levels in 19 years.
  • Crude oil imports in January fell to 5.2% from last year to 7.5 million bpd, the lowest level in 17 years.
  • Crude oil stocks ended January at 361.1 million bbls, the second highest January inventory level in 32 years but a 4.4% drop from the prior year.


  • Motor gasoline stocks fell 2.6% from January 2013, to 228.4 million bbls.
  • Distillate fuel stocks ended at an 11 year low, down 11.1% from year ago levels to 116.7 million bbls. This was the lowest January inventory level since 2003.
  • Jet fuel stocks were down 8.3% from January 2013 and stocks of ‘other oils’ dropped 6.7% from year ago levels.


  • US gross refinery inputs moved up by 5.7% from January 2013 to reach a new high for the month at 15.8 million bpd.
  • Exports of refined petroleum products increased by 36.3% from the prior year to average 3.9 million bpd. This was the highest January export level ever, and was just 70 000 bbls below last month’s record level of nearly 40 million bpd.
  • Refinery capacity utilisation averaged 88.6% in January, up 4.8% on the prior year, but down 3.7% from the prior month. API’s latest refinery operable capacity was 17.816 million bpd.

Adapted from a press release by Emma McAleavey.

Read the article online at:


Embed article link: (copy the HTML code below):