EIA: US total oil demand in May up 1.6% or 318,000 bpd vs. last year at 20.357 mln bpd

Below are the key highlights from the EIA’s recently published monthly supply report, as reported by Reuters.

U.S. Crude oil exports rose to 2.005 mln bpd in May (vs 1.756 mln bpd in April).
U.S. Total refined oil product exports fell to 3.357 mln bpd in May (vs 3.691 mln bpd in April).
U.S. Distillates fuel exports fell to 1.306 mln bpd in May (vs 1.457 mln bpd in April).
U.S. Total oil demand in May up 1.6 pct or 318,000 bpd versus last year at 20.357 mln bpd (vs 2.0 pct rise in April).
U.S. May distillates demand up 7.7 pct or 304,000 bpd versus last year at 4.273 mln bpd (vs 9.6 pct rise in April).
U.S. May gasoline demand down 0.4 pct or 40,000 bpd versus last year at 9.55 mln bpd (vs 0.7 pct fall in April).

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