VOL. XL

No. 7

17-February-1997

GENERAL

US Oil Demand Rises 2.8% In 1996

Strong economic growth in the US last year raised demand for petroleum products and deliveries to 18.21mn b/d, or an increase of 2.8% compared to 1995, according to the latest monthly statistical report published by the American Petroleum Institute (API). The growth resulted from increases in the use of distillate, (home heating oil and diesel fuel), jet fuel and LPG. Gasoline deliveries rose slightly and residual fuel...