API: US petroleum demand hits 4-year high in April

Total US petroleum deliveries, a measure of demand, increased 2.3% from April 2013 to average 19 million b/d this April, the highest April deliveries in 4 years, the American Petroleum Institute said in its monthly statistical report.

“April brought strong year-over-year growth in both the production and refining sectors,” said John Felmy, API chief economist. “The oil and natural gas industry continues to provide a solid base for growth in the larger economy.”

At nearly 8.3 million b/d, US crude oil production increased 12.6% from April 2013 to the highest level for the month since 1988. According to the latest reports from Baker Hughes Inc., the number of oil and gas rigs in the US in April was 1,835, up 32 units from March and was up 80 units from April 2013. This was the highest count since September 2012.

Total imports in April averaged 10.1 million b/d, 0.6% higher than last year and the second lowest level in 17 years. Crude oil imports averaged 8 million b/d, up 3.7% from last year, while imports of refined products fell 9.4% from April 2013 to 2.1 million b/d, the second lowest level for the month in 16 years.

Demand for gasoline gained 2.7% and distillate deliveries gained 8.8% from April 2013 to average 9 million b/d and 4.2 million b/d, respectively. Jet fuel demand dropped to the second lowest April level in 19 years while residual fuel deliveries were the lowest on record for the month. Deliveries of other oils for April showed a slight drop over year-ago levels.

Production of gasoline set a new all-time record last month, gaining 9.2% from April 2013’s output to 9.8 million b/d. Distillate production rose 12.1% from last year to 5 million b/d, the highest April level on record, API reported.

New April records were also set for refinery gross inputs and exports of refined products. Compared with last year, refinery gross inputs grew 5.1% to 16.1 million b/d, and exports of refined petroleum products gained 16% to average 3.7 million b/d. The refinery capacity utilization rate averaged 89.7% in April. API’s latest refinery operable capacity was 17.922 million b/d.

Crude oil stocks ended at 390 million bbl, down 1.5% from last year but still the second highest April inventory level in 31 years. Stocks of motor gasoline were down by 2.3% from last year to 216 million bbl. Distillate, jet fuel, and other oils stocks were all down from year ago levels, API said.

Related Articles

PDVSA’s Puerto La Cruz refinery revamp advances

04/22/2015 Petroleos de Venezuela SA (PDVSA) has received a first batch of bulk equipment from Wison Offshore & Marine Ltd. for work related to the long-p...

Noble Energy settles air pollution charges from D-J basin operations

04/22/2015 Noble Energy Inc. agreed to settle federal and state air pollution charges stemming from its Denver-Julesburg basin oil and gas exploration and pro...

Thailand’s PTTGC pondering ethane cracker in Ohio

04/22/2015 Ohio Gov. John R. Kasich reported Apr. 22 that PTT Global Chemical (PTTGC), Thailand’s integrated petrochemical and refining company, and its proje...

CERAWeek: Regulatory hurdles still threaten US shale, CEOs say

04/22/2015 Leaders of prominent US shale producers came together on Apr. 21 to drive home a point that’s emerged as a primary theme during this year’s IHS CER...

Study: North Texas quakes likely linked to gas drilling

04/22/2015 A seismology team in a study led by Southern Methodist University found high volumes of wastewater injection combined with brine extraction from na...

ExxonMobil settles charges stemming from Arkansas pipeline leak

04/22/2015 Two ExxonMobil Corp. pipeline subsidiaries agreed to pay $5 million to the US government and the state of Arkansas to settle charges stemming from ...

Court greenlights Chevron’s Richmond refinery project

04/22/2015 A California superior court has cleared the way for Chevron Corp. to proceed without further delay in executing its long-planned, $1-billion projec...

MARKET WATCH: NYMEX crude oil drops pending weekly inventory report

04/22/2015 Crude oil prices for May delivery dropped more than $1/bbl on the New York market Apr. 21 upon reports that Saudi Arabia was halting air strikes ag...

First QER proposals include local gas system improvement assistance

04/22/2015 The White House recommended that the US Department of Energy concentrate on modernizing the nation’s energy transportation, storage, and distributi...
White Papers

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...
Available Webcasts


The Alternative Fuel Movement: Four Need-to-Know Excise Tax Complexities

When Thu, Jun 4, 2015

Discussion on how to approach, and ultimately embrace, the alternative fuel market by pulling back the veil on excise tax complexities. Taxes may be an aggravating part of daily operations, but their accuracy is crucial in your path towards business success.

register:WEBCAST



On Demand

Prevention, Detection and Mitigation of pipeline leaks in the modern world

Thu, Apr 30, 2015

Preventing, detecting and mitigating leaks or commodity releases from pipelines are a top priority for all pipeline companies. This presentation will look at various aspects related to preventing, detecting and mitigating pipeline commodity releases from a generic and conceptual point of view, while at the same time look at the variety of offerings available from Schneider Electric to meet some of the requirements associated with pipeline integrity management. 

register:WEBCAST


Global LNG: Adjusting to New Realities

Fri, Mar 20, 2015

Oil & Gas Journal’s March 20, 2015, webcast will look at how global LNG trade will be affected over the next 12-24 months by falling crude oil prices and changing patterns and pressures of demand. Will US LNG production play a role in balancing markets? Or will it add to a growing global oversupply of LNG for markets remote from easier natural gas supply? Will new buyers with marginal credit, smaller requirements, or great need for flexibility begin to look attractive to suppliers? How will high-cost, mega-projects in Australia respond to new construction cost trends?

register:WEBCAST


US Midstream at a Crossroads

Fri, Mar 6, 2015

Oil & Gas Journal’s Mar. 6, 2015, webcast will focus on US midstream companies at an inflection point in their development in response to more than 6 years shale oil and gas production growth. Major infrastructure—gas plants, gathering systems, and takeaway pipelines—have been built. Major fractionation hubs have expanded. Given the radically changed pricing environment since mid-2014, where do processors go from here? What is the fate of large projects caught in mid-development? How to producers and processors cooperate to ensure a sustainable and profitable future? This event will serve to set the discussion table for the annual GPA Convention in San Antonio, Apr. 13-16, 2015.

This event is sponsored by Leidos Engineering.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected