US fuel production increases in February

The US produced 11% more fuel oil per day on average in February compared to January, according to the Energy Information Administration (EIA).

Changes in monthly US residual fuel oil from January to February:

• Production up 32,000 b/d to 315,000 b/d
• Supply steady at 327,000 b/d
• Imports down 47,000 b/d to 82,000 b/d

Volumes of fuel oil supplied out of US storage tanks has remained the same in February. 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 held steady at 327,000 b/d from January through 13 February, the EIA has reported.

US refineries have produced 32,000 b/d more fuel oil in February, while imports have decreased by 47,000 b/d.

Total US fuel oil stocks have decreased by 545,000 bbls on the month to 23.26 million bbls.

By Gautamee Hazarika

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