U.S. crude demand may be weaker than expected

U.Scrude demand is likely to be weaker than the Energy Information Administration expected, and U.Scrude inventories are well above analysts' expectations, which will hit crude futures hard, May, said u.Scrude oil demand is likely to fall more than expected, raising the possibility that U.Soil demand could fall below second-quarter levels for the first time in 20 yearshit by a fragile economy and high inflation, America's weak oil demand is no longer a secretBut there are signs of a sharp drop in demand in the U.S., as U.Scrude oil inventories rose well above expectationsthese factors could hit crude futures prices hard, and they are now down 21 percent from record levels set earlier in Julyu.SEnergy Information Administration data for the first 15 days of August showed U.Soil demand at 20.2 million bpd during that periodAugust 2007, the revised full-month oil demand in the United States was 21.025 million bpd, and the current level of U.Sdemand is down 800,000/day, or 3.7 percent, from then on, but the U.SEnergy Information Administration said in its short-term energy outlook on August 12 that U.Scrude oil demand averaged 20.73 million bpd in August, down 295,000 barrels per day, or 1.4 percent, from the same period in 2007even the obvious overblown forecasts for August's crude oil demand, which will be the 13th consecutive month of lower than the same period a year earlier, are trueTancred Liddell, an analyst at the U.SEnergy Information Administration for the short-term energy outlook, said the 20.73 million bpd demand level in August was based on historicalUbeth U.Sdemand for all petroleum productsthe latest Data IEAgency preliminary data for July, the average U.Scrude oil demand level was even lower than expected, at just 20.148 million bpdThe level of demand fell by 600,000 barrels per day compared with the same period in 2007, the lowest monthly demand level since 2003Signs of weaker-than-expecteddemand have raised serious doubts about the U.SEnergy Information Administration's expectations of third-quarter U.Scrude demand less than two weeks ago, with the Agency expecting average U.Scrude demand levels of 20.46 million bpd in the third quarter, a surge of 520,000 bpd from the second quarter, nextPage,, U.Scrude oil demand in the third quarter was only 100,000 barrels per day higher than in the second quarter, while the average daily demand growth in the third quarter of five years compared with the second quarter was only 300,000 barrels per day third-quarter demand levels are likely to be the first time since 89 years that the average quarterly demand level, including July and August, is lower than in the second quarter The U.S Energy Information Administration now estimates U.S demand levels at 19.95 million bpd in the second quarter, 689,000 bpd lower than in the same period in 2007, the lowest level of single-quarter demand in 81 years the Intelligence Service's revised estimates for June U.S crude oil demand are likely to be released by the end of August, based on current trends, and the June demand data are likely to be revised further downwards current forecast for June shows demand is down 1.8% (377,000 bpd) from June 2007, the weakest June for demand since 2003 but forecasts also show june demand was the strongest month since December 2007, when U.S demand for distillate oil hit a record 4.133 million bpd but there is now strong scepticism about whether the actual demand for distillate oil in June will reach that level Demand data showed that U.S distillate exports to Chile reached record levels, mainly from diesel to generate electricity U.S crude inventories surged 9.4 million barrels per day in the week ended Aug 15, the biggest weekly growth rate in seven-and-a-half years increase in crude oil inventories is a slowdown in refinery demand So far in August, refineries have smelted an average of 14.8 million barrels of crude oil per day, 640,000 barrels per day below the Energy Information Administration's expectations U.S crude demand is likely to be weaker than the Energy Information Administration expected, and U.S crude inventories are well above analysts' expectations, which will hit crude futures hard , May, said u.S crude oil demand is likely to fall more than expected, raising the possibility that U.S oil demand could fall below second-quarter levels for the first time in 20 years hit by a fragile economy and high inflation, America's weak oil demand is no longer a secret But there are signs of a sharp drop in demand in the U.S., as U.S crude oil inventories rose well above expectations these factors could hit crude futures prices hard, and they are now down 21 percent from record levels set earlier in July u.S Energy Information Administration data for the first 15 days of August showed U.S oil demand at 20.2 million bpd during that period August 2007, the revised full-month oil demand in the United States was 21.025 million bpd, and the current level of U.S demand is down 800,000/day, or 3.7 percent, from then on , but the U.S Energy Information Administration said in its short-term energy outlook on August 12 that U.S crude oil demand averaged 20.73 million bpd in August, down 295,000 barrels per day, or 1.4 percent, from the same period in 2007 even the obvious overblown forecasts for August's crude oil demand, which will be the 13th consecutive month of lower than the same period a year earlier, are true Tancred Liddell, an analyst at the U.S Energy Information Administration for the short-term energy outlook, said the 20.73 million bpd demand level in August was based on historicalUbeth U.S demand for all petroleum products the latest Data IEAgency preliminary data for July, the average U.S crude oil demand level was even lower than expected, at just 20.148 million bpd The level of demand fell by 600,000 barrels per day compared with the same period in 2007, the lowest monthly demand level since 2003 Signs of weaker-than-expected demand have raised serious doubts about the U.S Energy Information Administration's expectations of third-quarter U.S crude demand less than two weeks ago, with the Agency expecting average U.S crude demand levels of 20.46 million bpd in the third quarter, a surge of 520,000 bpd from the second quarter , nextPage, , U.S crude oil demand in the third quarter was only 100,000 barrels per day higher than in the second quarter, while the average daily demand growth in the third quarter of five years compared with the second quarter was only 300,000 barrels per day third-quarter demand levels are likely to be the first time since 89 years that the average quarterly demand level, including July and August, is lower than in the second quarter The U.S Energy Information Administration now estimates U.S demand levels at 19.95 million bpd in the second quarter, 689,000 bpd lower than in the same period in 2007, the lowest level of single-quarter demand in 81 years the Intelligence Service's revised estimates for June U.S crude oil demand are likely to be released by the end of August, based on current trends, and the June demand data are likely to be revised further downwards current forecast for June shows demand is down 1.8% (377,000 bpd) from June 2007, the weakest June for demand since 2003 but forecasts also show june demand was the strongest month since December 2007, when U.S demand for distillate oil hit a record 4.133 million bpd but there is now strong scepticism about whether the actual demand for distillate oil in June will reach that level Demand data showed that U.S distillate exports to Chile reached record levels, mainly from diesel to generate electricity U.S crude inventories surged 9.4 million barrels per day in the week ended Aug 15, the biggest weekly growth rate in seven-and-a-half years increase in crude oil inventories is a slowdown in refinery demand So far in August, refineries have smelted an average of 14.8 million barrels of crude oil per day, 640,000 barrels per day below the Energy Information Administration's expectations (name)