US jet fuel inventories fall by 1.5%; consumption rises

24 January 2013 17:56  [Source: ICIS news]

HOUSTON (ICIS)--Gains in US jet fuel consumption caused a drop in inventories for the week ended 18 January, a government agency’s report showed on Thursday.

Jet fuel consumption rates increased by 65,000 bbl/day, or 5%, to reach 1.357m bbl/day, according to the US Energy Information Administration (EIA).

The increase in consumption caused stockpiles to drop. For the week ended 18 January, US jet fuel inventories fell by 60,000 bbl to 39.8m bbl, the EIA said.

Meanwhile, jet fuel production dropped by 131,000 bbl/day to 1,386m bbl/day for the week ended 18 January. The previous week showed a build-up of just 6,000 bbl/day in jet fuel production.

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By: Anna Matherne

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