gasoline consumption in November was wellabove the level implied by its weekly data. EIA, which hasadjusted upward its 2023 monthly gasoline data severaltimes, put November implied gasoline consumption at8.845 million b/d, 221,000 b/d above the level derived fromits Weekly Petroleum Status ...
Lower prices and higher employment will lift US gasoline demand into next year, the Energy Information Administration (EIA) said today. US gasoline consumption will average 9.09mn b/d in 2015 and 9.07mn b/d in 2016, according to the agency's Short-Term Energy Outlook. The estimates were bot...
"The report was somewhat bearish, with the large crude oil inventory rise offset by another sizeable decline of inventories at the Cushing, Oklahoma delivery hub and a rebound in gasoline demand on the week," said John Kilduff, partner at energy hedge fund Again Capital. "Refining activity is...
U.S. crude stocks drew more than expected on strong refining demand, while gasolineinventories posted a large draw after an increase in driving lastweek, the Energy Information Administration said on Thursday. Crude inventories fell by 1.5 million barrels in the last week to 452.2 million barrels,...
Oil prices pared losses briefly after the data, but were still trading about 1% lower on the day. "Despite the crude oil inventory rise, the report is supportive of prices. Demand for crude oil from refiners is very high, and gasoline demand remains sky-high, as well," said John Kilduff...
The EIA stated that the crude oil processing volume of the refinery decreased by 282,000 barrels per day that week. The utilization rate of refinery capacity has decreased by 1.5 percentage points. As of the week ending June 14th, US gasoline inventories decreased by 2.3 million barrels to 2...
Total oil demand was higher on the month at 20.68mb/d in October compared to 20.09mb/d in September and 20.01mb/d in October 2022. Change in US oil demand y/y by product in kbpd: Gasoline +287 to 9,094 Distillate -96 to 4,067 ...
The US Energy Information Administration (EIA) expects that the United States will generate more electricity from renewables and coal in the second half of this year, as electricity demand and natural gas prices increase. In its July Short-Term Energy Ou
Midwest (Chicago and Cleveland).The Midwest covers a large geographic area consisting of many semi-connected markets. Retail gasoline prices in the Midwest were lowest in July, and they peaked in November as a result of higher crude oil prices, tight inventories, and strong demand. Repair work...
Gasoline and distillate demand has been strong, with motor gasoline product supplied over the past four weeks rising 5.4% from the year-ago period, and distillate fuels seeing a 15.3% increase from a year ago. Crude prices rose on the data, with U.S. West Texas Intermediate futures gaining...