12 September 2012 17:01 [Source: ICIS news]
HOUSTON (ICIS)--Inventories of jet fuel in the US fell for the week ended 7 September as consumption rose, a government agency report showed on Wednesday.
Stockpiles dropped by 900,000 bbl to 42.1m bbl, according to the US Energy Information Administration (EIA).
An increase in consumption rates contributed to the lower inventory levels. For the week ended 7 September, jet fuel consumption was at 1.553m bbl/day, an increase of 89,000 bbl/day from the previous week’s rate of 1.464m bbl/day.
Travel for the US Labor Day holiday on 3 September helped to lift consumption rates.
Year on year, the cumulative daily average of jet fuel consumption was 1.2% lower, the EIA said. One week prior, that number was at 1.4%.
Furthermore, jet fuel production fell by 11,000 bbl/day to 1.448m bbl/day for the week ended 7 September.
Follow Anna on Twitter
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections