US fuel supply increases in April

The US has supplied 15% more fuel oil per day on average in April compared to March, according to the Energy Information Administration (EIA).

Changes in monthly US residual fuel oil from March to April:

• Production up 5,000 b/d to 309,000 b/d
• Supply up 44,000 b/d to 342,000 b/d
• Imports up 51,000 b/d to 178,000 b/d

Volumes of fuel oil supplied out of US storage tanks has increased in April 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 298,000 b/d in March to 342,000 b/d this month so far, the EIA reports.

US refineries have produced 5,000 b/d more fuel oil in April, while imports have increased by 51,000 b/d.

Total US fuel oil stocks have increased by 170,000 bbls on the month to 24.56 million bbls.

By Gautamee Hazarika

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