US fuel output continues to decline in January

The US supplied 41% less fuel oil per day on average in January thus far compared to December 2025, according to the Energy Information Administration (EIA).

Changes in monthly US residual fuel oil from December 2025 to January 2026:

• Production down 36,000 b/d to 287,000 b/d
• Supply down 174,000 b/d to 248,000 b/d
• Imports down 103,000 b/d to 118,000 b/d

Volumes of fuel oil supplied out of US storage tanks has decreased in January so far. 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 also imply demand, has decreased from 422,000 b/d in December 2025 to 248,000 b/d as of 9 January 2026, the EIA reports.

US refineries have produced 36,000 b/d less fuel oil in January so far, while imports have decreased by 103,000 b/d.

Total US fuel oil stocks have increased by 1.38 million bbls on the month to 23.85 million bbls.

By Gautamee Hazarika

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