Gross inputs in November 2014 rose by 0.9 % from last year to average sixteen.3 million barrels per day, while exports have been up 5.5 % to common four.2 million barrels per day.
With many plants again online after their scheduled turnaround, the API put the general refinery capacity utilization fee at a mean of 91.4 % in November. This was up 2.6 percentage factors from October, up zero.8 share factors from November 2013, and was the very best November price in 10 years.
In the meantime, imports of refined merchandise dropped 27.Three % 12 months-on-yr to the bottom stage since Could 1995 at 1.Four million barrels per day.
Complete U.S. petroleum deliveries last month reached a seven-year excessive, rising by 1.9 percent from November 2013 to common 19.9 million barrels per day. At the identical time, whole petroleum imports were down by 5.2 % from November final year, averaging just below 8.9 million barrels per day the second lowest level since February 1996.
Welcoming the uptick in U.S. manufacturing and deliveries, API chief economist John Felmy mentioned: “It has been a number of years since we’ve seen this degree of demand in November. The economic system overall appeared to be in fine condition last month, and production of crude, pure gas and refined products all remained quite sturdy.”
