API: January US oil demand within 1.2% of year-ago level

US petroleum demand was 19.7 million b/d in January 2021, according to the latest monthly statistical report by API, a 5.6% increase from December and a decrease of 1.2% compared with January 2020.

US petroleum demand, as measured by total domestic petroleum deliveries, was 19.7 million b/d in January 2021, according to the latest monthly statistical report by the American Petroleum Institute (API), a 5.6% increase from December and a decrease of 1.2% compared with January 2020—a notable recovery given the depths of the 2020 COVID-19 recession.

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