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API’s February Monthly Statistical Report shows early glimpse of coronavirus impact on energy markets

WASHINGTON, March 19, 2020 – The American Petroleum Institute today released its February 2020 Monthly Statistical Report, providing an early indication of the impact of the coronavirus pandemic on energy markets. Data from the report reflect the onset of the virus with downturns in demand for diesel (-9.9% y/y) and jet fuel (-5.2% y/y), but a slight increase in gasoline (+0.3% y/y), suggesting many consumers chose to drive instead of fly in February.

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API: U.S. crude oil production and exports hit historic highs, benefitting U.S. consumers

WASHINGTON, January 23, 2020 – U.S. petroleum exports hit a new all-time high of 9.0 million barrels per day (mb/d) in the final month of 2019, according to data released today from the American Petroleum Institute’s December 2019 Monthly Statistical Report (MSR). This latest milestone came as U.S. crude oil production notched a fifth consecutive monthly increase to reach a record 12.9 mb/d.

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