U.S. fuel consumption in July reached the highest level for the month in three years, the American Petroleum Institute said.
U.S. fuel consumption edged higher in January from a year earlier, as winter storms curbed demand growth, according to the American Petroleum Institute.
U.S. fuel consumption in May increased to the highest level for the month since 2008 as the economy grew, the American Petroleum Institute said.
U.S. gasoline production climbed to an all-time high in April as fuel exports surged, the American Petroleum Institute said in a monthly report.
The U.S. oil industry, riding a domestic energy boom, is preparing to challenge restrictions on crude exports, possibly by arguing that limits designed to keep petroleum in America may violate international trade rules.
U.S. oil demand fell to the lowest level in 16 years in 2012 as economic growth weakened while domestic output surged the most in more than 150 years, the American Petroleum Institute said.
"The supply picture has improved thanks to horizontal drilling and hydraulic fracturing."
- John Felmy on Nov 20, 2014
API’s Felmy Sees More Oil Demand, Defends Fracking