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API: US petroleum demand increases

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Hydrocarbon Engineering,

The American Petroleum Institute (API) reports that total petroleum deliveries in March climbed 0.2% on the corresponding period of last year to average nearly 19.7 million bpd.

These were the highest March deliveries since 2008.

In 1Q17, total domestic petroleum deliveries were up 0.4% compared with 1Q16 to average 19.5 million bpd, resulting in the highest 1Q deliveries since 2008.

Gasoline deliveries in March were up from the prior month, but down from the prior year, and the prior first quarter. Total motor gasoline deliveries increased 4.3% from February, but were down 1.7% from March 2016 to average 9.2 million bpd.

US crude oil production decreased 0.2% from March 2016 to average 9.2 million bpd. NGL production was up from the prior month and the prior first quarter, but was down from the prior year, averaging 3.4 million bpd.

US total petroleum imports in March averaged nearly 10 million bpd. Total petroleum imports were down 3.8% from the prior month, and down 0.1% compared with the prior year. Total petroleum imports were up 4.4% in 1Q17 compared with the 1Q16.

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