API REPORTS U.S. OIL IMPORTS FOR JULY TOP YEAR AGO MARK

The American Petroleum Institute reports U.S. oil imports exceeded the 8.5 million b/d mark in July, the highest level in nearly a year. Imports supplied 50% of demand for the month, although API said real import reliance is 45-46%. "The highly variable nature of imports and deliveries means that the odds of exceeding 50% in a given month increase as the underlying trend in import reliance grows," API said.

Aug 24th, 1992
In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home