Demand for Petroleum Products has Decreased
July 3, 2020
The latest EIA energy report lists demand statistics for Total Petroleum Products, termed Product Supplied. It is a measure of overall demand for refined products (Gasoline, Distillates, Fuels, etc.), which had dropped to less than 14.0 million barrels per day. It had been recovering, but the latest statistic shows a drop in demand. This may an indicator of decreasing energy demand as a result of the new dramatic increase in coronavirus cases and hospitalizations.
The chart below can be constructed in the Fundamental Analytics platform under Fundamentals > DOE>Total Petroleum Products > Product Supplied > Total US.
Total Petroleum Products
Latest Data as of Friday, June 26, 2020 17.35 million barrels per day
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The Fundamental Analytics Team
The information provided here is for general informational purposes only and should not be considered individualized investment advice. All expressions of opinion are subject to change without notice in reaction to shifting market conditions.