US jet fuel stockpiles drop as consumption increases

27 June 2012 16:32  [Source: ICIS news]

HOUSTON (ICIS)--Inventories of US jet fuel fell by 60,000 bbl for the week ended 22 June, while consumption levels increased by nearly the same amount, according to a government report released on Wednesday.

US jet fuel inventories dropped to 38.6m bbl, lower than the level from the prior week, which was at 39.2m bbl.

Consumption of jet fuel rose 50,000 bbl/day to reach 1.583m bbl/day for the week ended 22 June, according the US Energy Information Administration (EIA). However, compared with the cumulative daily average for the same time period one year prior, jet fuel consumption is 0.8% lower.

Jet fuel production dropped to 1.577m bbl/day, a decrease of 32,000 bbl/day for the week ended 22 June, the EIA said. This is the same amount jet fuel production increased by for the week ended 15 June.

Jet fuel imports, for the week ended 22 June, held steady at 4,000 bbl/day.


By: Anna Matherne
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