Personal Liberty Digest™ will be upgraded this weekend to reflect a dynamic new look and mobile-friendly viewing to enhance your experience! Plus, we'll be providing even more of the compelling content you've come to expect, delivered in a whole new way!

  Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

API Sees Weak U.S. Economy

WASHINGTON (UPI) — The American Petroleum Institute said a decline in crude oil deliveries in the United States for September suggested the domestic economy was weak.

API said petroleum deliveries, a measure of demand, were at 18.2 million barrels per day in September, a 3.8 percent decline from the same period last year.

“The September demand numbers indicate there’s still substantial weakness in the economy,” API chief economist John Felmy said in a statement. “While manufacturing and employment have improved some, we’ve yet to see strong momentum developing.”

The Organization of Petroleum Exporting Countries, in its market report for September, said the U.S. economy is expected to grow 2.0 percent next year, 0.3 percent less than this year.

Trade group API reported that overall demand for petroleum products was down 2.4 percent compared with last year.

Domestic crude oil production approached the 6.3 million bpd mark in September, the highest total for that month in 15 years. Crude oil imports declined 1.1 percent to average 8.8 million bpd in September.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “API Sees Weak U.S. Economy”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.