U.S. Oil Demand in June Was Lowest Seasonally Since 2020, EIA Says

U.S. oil consumption slowed in June to the lowest seasonal levels since the coronavirus pandemic of 2020, data from the U.S. Energy Information Administration showed on Friday. Product supplied of crude oil and petroleum products, EIA’s proxy for demand, fell 2.7% month over month to 20.25 million barrels per day (bpd) in June. That is … Read more