US fuel production declines in September

The US has produced 2% less fuel oil per day on average in September compared to August, according to the Energy Information Administration (EIA).

Changes in monthly US residual fuel oil from August to September so far:

• Production down 6,000 b/d to 338,000 b/d
• Supply up 20,000 b/d to 297,000 b/d
• Imports up 36,000 b/d to 162,000 b/d

Volumes of fuel oil supplied out of US storage tanks have increased this month. The fuel oil goes to outlets like bunker fuel blenders and bulk terminals, refinery coking units for upgrades to higher-value products, or to power generation.

Supply, which can imply demand, has increased from 277,000 b/d in August to 297,000 b/d this month, the EIA reports.

US refineries have produced 6,000 b/d less fuel oil in September so far, while imports have increased by 36,000 b/d.

Total US fuel oil stocks have increased by 553,000 bbls on the month to 22.53 million bbls.

By Gautamee Hazarika

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