Skip to main content

News & Press Releases

RSS

API’s August Monthly Statistical Report Shows U.S. Energy Markets are Rebalancing, Remain Fragile

WASHINGTON, September 17, 2020 – The U.S. returned to being a net energy exporter in August despite disruptions from Hurricane Laura and ongoing uncertainty over the pandemic, according to data released today in the American Petroleum Institute’s August 2020 Monthly Statistical Report and Q3 2020 Industry Outlook. Higher demand and lower supply translated into lower crude oil inventories and further illustrated the gradual rebalancing of the market.

More »

API’s July Monthly Statistical Report Shows Signs of Gradually Improving Market Conditions

WASHINGTON, August 20, 2020 – U.S. petroleum markets continued to gradually improve in July with inventories backing down from record highs and demand posting its third consecutive monthly increase since April, according to data released today in the American Petroleum Institute’s July 2020 Monthly Statistical Report (MSR).

More »

API’s June Monthly Statistical Report Shows Continued Rebound in U.S. Petroleum Demand

WASHINGTON, July 16, 2020 – The recovery of U.S. petroleum markets broadly continued in June with U.S. petroleum demand increasing nearly nine percent to 17.6 million barrels per day (mb/d), according to data released today in the American Petroleum Institute’s June 2020 Monthly Statistical Report (MSR).

More »

API’s May Monthly Statistical Report shows signs of recovery following gradual reopening of state economies

WASHINGTON, June 18, 2020 – The gradual reopening of state economies drove a notable rebound in U.S. energy markets in the month of May with U.S. petroleum demand increasing 14 percent to 16.2 million barrels per day (mb/d), according to data released today in the American Petroleum Institute’s May 2020 Monthly Statistical Report (MSR) and Q2 2020 Industry Outlook. Motor gasoline accounted for more than 80 percent of the demand increase with monthly deliveries surging nearly 29 percent to 7.3 mb/d after reaching a multi-decade low in April. Demand for distillate fuel and liquid feedstocks also notched monthly increases, while jet fuel posted its fifth consecutive monthly decline and reached its lowest level since 1967.

More »

API’s April Monthly Statistical Report shows major shifts in energy supply and demand patterns due to COVID-19

WASHINGTON, May 14, 2020 – Reduced economic activity resulting from shelter-in-place restrictions due to COVID-19 drove significant near-term disruptions to energy markets in the month of April with U.S. petroleum demand falling nearly 27 percent to 14.2 million barrels per day (mb/d), according to data released today in the American Petroleum Institute’s April 2020 Monthly Statistical Report (MSR).

More »

API’s March Monthly Statistical Report shows impact of coronavirus on energy markets

WASHINGTON, April 16, 2020 — U.S. petroleum demand declined to 19.4 million barrels per day (mb/d) in March, which was a 4.6 percent decrease from February, according to data released today from the American Petroleum Institute’s March 2020 Monthly Statistical Report (MSR), which is based on surveys of 90 percent of the industry. Measures to slow the spread of the coronavirus drove gasoline and jet fuel demand lower, but were partially offset by higher diesel fuel deliveries with increased freight transportation.

More »

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.

More »

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.

More »