US August Oil Demand Down 975,000 B/D
U.S. oil demand in August was 975,000 barrels per day less than previously estimated and down 1.758 million bpd from a year earlier, with petroleum consumption at the lowest level for any month since December 2001, the Energy Information Administration said on Thursday.
French conservation decreases motor fuel demand
High oil prices and dwindling domestic purchase power over the first 9 months of this year pulled down motor fuel consumption in France by 1.9%, indicated the oil trade group Union Francaise des Industries Petrolieres (UFIP).
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