Tortoise Portfolio Manager James Mick in Reuters

U.S. oil refiners, pipeline companies expect strong demand for rest of 2022

NEW YORK, Aug 9 (Reuters) – U.S. oil refiners and pipeline operators expect energy consumption to be strong for the second half of 2022, even though analysts and industry watchers have worried that demand could falter if the global economy enters a recession or high fuel prices deter travelers.

The company outlooks suggest a stronger view than recent data showing weakness in U.S. fuel demand, particularly in gasoline, where consumption recently hit its lowest level since February even though this is the middle of the peak summer driving season.

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