UPDATE 1-US Jan oil demand down 5.7 pct yr/yr-API

Fri Feb 17, 2012 11:08am EST

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* US heating oil demand down on warm weather
    * Gasoline demand at 9-year low for month

 (Add details from report, table)	
    By Ayesha Rascoe	
    WASHINGTON, Feb 17 (Reuters) - U.S. crude oil demand
plunged in January, dragged down by weak heating oil use, the
American Petroleum Institute said on Friday. 	
    Petroleum consumption in January dropped 5.7 percent from a
year ago to 18.026 million barrels per day. 	
    "While demand for all major refined products declined, the
overall dip was driven in significant part by a nearly 27
percent reduction in deliveries of high-sulfur distillate fuel,
which is used in home heating," API said in a statement.	
    "The slide in heating fuel demand reflects January's
relatively warm temperatures," API said.  	
    API's demand figure for January is mostly in line with the
U.S. Energy Information Administration's preliminary estimate of
fuel consumption at 18.099 million bpd for the month. The EIA
issues its revised January demand number at the end of March.	
    Demand for gasoline fell 0.2 percent to 8.398 million bpd in
January, an nine-year low for the month.	
    During the same period, distillate demand was down 1.4
percent to 3.914 million bpd, while jet fuel consumption fell
0.2 percent to 1.353 million bpd.	
    Total imports in January accounted for 56 percent of U.S.
oil demand, down from 61.4 percent a year earlier. 	
    	
               U.S. DELIVERIES, IMPORTS, PRODUCTION	
                         (million bpd) 	
               Jan 2012    Dec 2011     Jan 2011   Yr Ago  
                                                   Pct Change
 DELIVERIES                                        
 Gasoline       8.398       8.531        8.412      -0.2
 Kerosene/jet   1.353       1.482        1.355      -0.2
 Distillate     3.914       3.972        3.968      -1.4
 Deliveries    18.026      18.565       19.121      -5.7
 Exports        3.050       3.550        2.687      13.5
 Total         21.076      22.115       21.809      -3.4
                                                   
 IMPORTS                                           
 Crude oil      8.498       8.738        9.069      -6.3
 Oil products   1.604       1.625        2.680     -40.2
 Total         10.102      10.363       11.749     -14.0
                                                   
 PRODUCTION                                        
 Crude          5.690       5.534        5.483       3.8
 Gasoline       8.920       8.755        8.671       2.9
 Distillate     4.593       4.923        4.305       6.7
 Kerosene/jet   1.441       1.502        1.362       5.8
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