US fuel production holds steady in October

The US has supplied 11% more fuel oil per day on average in October so far than in September, according to the Energy Information Administration (EIA).

Changes in monthly US residual fuel oil from September to October (so far):

• Production steady at 346,000 b/d
• Supply up 32,000 b/d to 323,000 b/d
• Imports up 37,000 b/d to 187,000 b/d

Volumes of fuel oil supplied out of US storage tanks have increased in October 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 increased from 291,000 b/d in September to 323,000 b/d this month so far, the EIA reports.

US refineries have produced the same amount of fuel oil in October so far as in September, while imports have increased by 37,000 b/d.

Total US fuel oil stocks have increased by 739,000 bbls on the month, averaging 23.80 million bbls in October so far.

By Gautamee Hazarika

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