US fuel production and supply rise in September

The US has supplied 5% more 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:

• Production up 3,000 b/d to 346,000 b/d
• Supply up 14,000 b/d to 291,000 b/d
• Imports up 24,000 b/d to 150,000 b/d

Volumes of fuel oil supplied out of US storage tanks have increased in September. 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 increased from 277,000 b/d in August to 291,000 b/d in September, the EIA reports.

US refineries have produced 3,000 b/d more fuel oil in September, while imports have increased by 24,000 b/d.

Total US fuel oil stocks have increased by 1.08 million bbls on the month to 23.06 million bbls .

By Gautamee Hazarika

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