March 28, 2008 / 10:29 PM / 10 years ago

US Jan oil use revised to lowest since Apr 2005-EIA

WASHINGTON, March 28 (Reuters) - U.S. oil demand in January was 574,000 barrels per day (bpd) less than previously thought, putting monthly petroleum consumption at the lowest level since April 2005, the Energy Information Administration said on Friday.

The final numbers were included in the EIA’s monthly petroleum supply report and are always different than the initial estimates in the agency’s weekly petroleum report.

The monthly report reflects information on petroleum products supplied from all U.S. energy companies, while the weekly report surveys the biggest companies that represent about 90 percent of the market.

U.S. oil demand in January was revised down 2.8 percent to 20.114 million bpd as record crude and oil product prices, along with a weakening economy, cut petroleum use.

U.S. gasoline demand for January was revised down by 201,000 bpd to 8.955 million bpd, due to expensive motor fuel that discouraged driving.

Demand for distillate fuel was lowered by 24,000 bpd to 4.209 million bpd use was revised down by 77,000 bpd to 672,000 bpd and jet fuel consumption was unchanged at 1.546 million bpd. (Reporting by Tom Doggett; Editing by Christian Wiessner)

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