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

06/02/2014
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...
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