US jet fuel consumption drops by 26%, inventories rise

06 November 2013 16:34  [Source: ICIS news]

HOUSTON (ICIS)--Lower US jet fuel consumption rates led to an increase in inventories for the week ended 1 November, the US Energy Information Administration (EIA) said on Wednesday.

Consumption rates of the product fell 26% to 1.233m bbl/day, the EIA said.

Accordingly, jet fuel inventories were 1m bbl higher at 39.5m bbl.

Meanwhile, production rates were at 1.484m bbl/day, an increase of 44,000 bbl/day.

Exports held steady at 165,000 bbl/day, while imports fell by 27,000 bbl/day to 53,000 bbl/day.

Refinery utilization rates were 0.5 percentage points lower at 86.8% for the week ended 1 November.

 

11-Oct

18-Oct

25-Oct

1-Nov

 

Jet Fuel Stocks

40.6

40.7

38.5

39.5

m bbl

Jet Fuel Consumption

1,369

1,348

1,671

1,233

bbl/d *

*Figures are in thousand bbl

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By: Anna Matherne
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