Free Trial

JET FUEL: US Jet Fuel Stocks Fall 0.5% on Week: EIA

JET FUEL

EIA data showed US jet fuel stocks fell by 228k bbl last week, a 0.5% weekly decline.

  • Stocks are at 42.925m bbl, well above the five-year average level of 38.454m bbl and outside of the five-year high-low range.
  • PADD 1 stocks rose by 991k bbl to 11.248m bbl.
  • In PADD 3, the USGC refining hub, stocks fell by 1.781m bbl, or 12.0%, to 13.104m bbl, the lowest since mid-June.
  • Four-week average jet demand fell again last week to its lowest level since mid-May, down 1.5% to 1.657m b/d. Meanwhile, weekly demand was up 9.3 % to 1.780m b/d.
  • When looking at the average of 2018-2023 and excluding the pandemic year of 2020, four-week average demand is higher on a seasonal basis by 21k b/d.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.