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Title: Petroleum supply monthly, February 1988. [Contains glossary]

Petroleum supply monthly, February 1988. [Contains glossary] Total US demand for petroleum products during February 1988 averaged about 17.6 million barrels per day, 0.9 million barrels per day above the average of a year earlier. This marks the third consecutive month in which total product supplied has exceeded 17.0 million barrels per day. For the most part, the disposition of the major products continued to follow seasonal patterns. Total products stocks dropped by 26.0 million barrels to 683.1 million barrels. Refinery utilization fell from January's 82.8 percent rate to 81.1 percent. Crude oil imports from Saudi Arabia rose to 1.2 million barrels per day, 0.4 million barrels per day above the average for January. Unusually mild weather, especially in the Mid-Atlantic states and New England, kept deliveries of both distillate and residual fuel oil virtually unchanged from January's high seasonal levels, although both were still well above the levels for these products the same time last year. Distillate demand averaged 3.5 million barrels per day in February, five percent above the February 1987 average. Residual fuel oil demand was 1.6 million barrels per day this month, nine percent greater than a year ago. Part of this increase in demand from the previous year reflects the improved competitive more » position of residual fuel oil in some utility and industrial markets, mostly due to increases in natural gas prices starting in the fourth quarter of 1987. 12 figs. « less
Publication Date:
OSTI Identifier:OSTI ID: 5032388
Report Number(s):DOE/EIA-0109(88/02)
ON: DE88009298
Resource Type:Technical Report
Research Org:USDOE Energy Information Administration, Washington, DC. Office of Oil and Gas
Country of Publication:United States
Language:English
Subject: 02 PETROLEUM; 29 ENERGY PLANNING, POLICY AND ECONOMY; PETROLEUM; ENERGY SUPPLIES; PETROLEUM PRODUCTS; COMPILED DATA; EXPORTS; HEATING OILS; IMPORTS; MARKET; STATISTICAL DATA; DATA; ENERGY SOURCES; FOSSIL FUELS; FUEL OILS; FUELS; INFORMATION; LIQUID FUELS; NUMERICAL DATA; OILS; ORGANIC COMPOUNDS; OTHER ORGANIC COMPOUNDS 020700* -- Petroleum-- Economics, Industrial, & Business Aspects; 294002 -- Energy Planning & Policy-- Petroleum