1957 Oil Consumption Falls After Suez
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I N 1957, consumption of oil products in this country, excluding foreign bunkers, totalled 24,735,541 tons-1.9 per cent. less than the quantity sold in 1956, state the Petroleum Information Bureau. The fall was the result of the Suez crisis. In the second half of last year, demand was generally higher than in the comparable period of 1956.
Over the full year, deliveries of motor spirit totalled 5,745,029 tons, 9.2 per cent. • less than in 1956 but slightly more than in 1953. Premium grades accounted for 3.086,230 tons, or 54 per cent. of deliveries.
Consumption of dery amounted to 1,795,154 tons, only 2,000 tons less than in 1956, and in the fourth quarter of 1957 demand was 2.3 per cent, higher than in October-December, 1956. There was a 19-per-cent. rise in.deliveries of products mainly sold for the derivation of chemicals.