Skip to main content

API report shows record-breaking December for US oil and gas industry

Published by
Hydrocarbon Engineering,


The American Petroleum Institute’s (API) latest Monthly Statistical Report (MSR) shows the US natural gas and oil industry established multiple records in December.

These include the highest:

  • US production of crude oil (11.7 million bpd) and NGLs (4.8 million bpd).
  • Crude oil exports (2.4 million bpd).
  • Annual gasoline demand (9.3 million bpd).
  • Refinery and petrochemical feedstock demand for December (5.5 million bpd).
  • Refinery throughput for the month of December (17.7 million bpd) and year (17.3 million bpd).
  • Refinery capacity utilisation for the month of December (95.0%) and year (93.0%).

With record refinery throughput, total petroleum inventories – led by refined products – built to within 2.6% of the maximum of the 5-year historical range. Meanwhile, US petroleum net imports fell below 2.0 million bpd in December.

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/30012019/api-report-shows-record-breaking-december-for-us-oil-and-gas-industry/

You might also like

Catalysts 2019

Catalysts 2019

Catalysts 2019 is an online conference for professionals in the downstream sector. Since this is a completely virtual conference, you can join us from anywhere in the world, absolutely free. Register for free today »

 
 
 

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