API: US petroleum demand up in June, second quarter

07/28/2014
Total US petroleum deliveries, a measure of demand, rose 1.5% in June vs. a year ago to average just above 19 million b/d, according to the American Petroleum Institute's most recent Monthly Statistics Report. For the second quarter, petroleum demand increased 1.5% compared with the same period last year. "A wide range of measures show continued strength in petroleum demand and domestic supply last month, with imports around 20—year lows," said API Chief Economist John Felmy. "Increased US production in recent years has provided an almost barrel—for—barrel counterweight to various disruptions in global supply from overseas." Gasoline demand last month gained 4% from Ju...
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