UPDATE 2-US Oct oil demand down 4.07 pct from year ago-EIA


(Adds further details from report, paragraphs 3-9)

WASHINGTON, Dec 29 (Reuters) - U.S. oil demand in October was 598,000 barrels per day more than previously estimated and down 833,000 bpd from a year earlier, the Energy Information Administration said on Monday.

U.S. oil demand in October was revised up by 3.14 percent from the EIA's early estimate of 19.045 million bpd to the agency's final demand number of 19.643 million bpd, and was 4.07 percent less than demand of 20.476 million bpd a year earlier.

The final numbers, in the EIA's monthly petroleum supply report, always differ from initial estimates in the 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.

Gasoline demand for October was revised down by 19,000 bpd, or 0.21 percent, to 8.986 million bpd, the lowest level for the month since 2002 and down 250,000 bpd from a year earlier.

U.S. highway travel in October fell 9 billion miles, or 3.5 percent, from a year earlier, despite falling gasoline prices, according to the Transportation Department. It was the largest October decline in highway miles driven since 1971.

Demand for distillate fuel was raised by 169,000 bpd, or 4.22 percent, to 4.173 million bpd, the weakest October level since 2005, the EIA said.

Final jet fuel consumption was revised up by 1.96 percent, or 27,000 bpd, to 1.403 million bpd, but was still the smallest October demand since 1993.

Residual fuel use was revised up by 155,000 bpd, or 35.47 percent, to 592,000 bpd, the lowest level for any October recorded in the EIA's database, [http://tonto.eia.doe.gov/dnav/pet/hist/mreupus2m.htm], which dates back to 1936.

Below is a chart comparing the monthly EIA report with the agency's previous weekly report and final year-ago numbers:

EIA Monthly Demand Data

(In millions of barrels per day)

Prev Est *********Change vs********* Product October For Oct Prev est pct Yr Ago Yr ago pct Gasoline 8.986 9.005 -0.21 9.236 -2.71 Distillate 4.173 4.004 4.22 4.213 -0.95 Jet Fuel 1.403 1.376 1.96 1.637 -14.29 Residual 0.592 0.437 35.47 0.626 -5.43 Total 19.643 19.045 3.14 20.476 -4.07 NOTES:

* U.S. year on year oil demand changes: September -12.83 pct; August -8.7 pct; July -6.4 pct; June -5.6 pct; May -4.3 pct; April -3.7 pct; March -3.9 pct; Feb -7.2 pct; Jan -2.2 pct

* The EIA's monthly report always differs from the weekly report as the monthly reflects data supplied from all U.S. energy companies, while the weekly report surveys the biggest companies representing about 90 percent of the market. The total demand number reflects many petroleum products beyond gasoline, distillate, jet fuel and residual fuel listed in the table. This report is released the last week in the month. Click on Products Supplied from EIA web site: http://www.eia.doe.gov/oil_gas/petroleum/info_glance/petroleum.html

(Reporting by Ayesha Rascoe; Editing by David Gregorio)



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