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Asian Viewpoints

US demand for oil products in Apr 2020 falls to low level in early 1990s


Demand for oil products in the United States in April 2020 seemed to have temporarily dropped to levels in the early 1990s, according to a report from the US Energy Information Agency (EIA) on Dec 30. Petroleum demand in the US averaged 13.8 million barrels per day (b/d) in the week ending Apr 10, which seemed to have fallen to levels in the early 1990s. This average decreased by 31% compared to the average for January to Mar 13, 2020. Also, EIA reported that demand for the week ending Apr 3 decreased by 3.4 million barrels from the previous week, the largest decrease from the previous week on record. The EIA analyzed that the decline in demand for oil products was largely due to movement restrictions such as on domestic and overseas travel caused by the COVID-19 pandemic.


Singapore : Energy Desk  Satoshi Hagimoto   +81-3-3552-2411Copyright © RIM Intelligence Co. ALL RIGHTS RESERVED.