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AMERICAS OIL PRODUCTS: US Jet Fuel Stocks Rose 679k bbl in Week to Feb. 14: EIA

AMERICAS OIL PRODUCTS
USEnergy BulletsNorth AmericaBulletCommodities

EIA data showed US jet fuel stocks built by 679k bbl to 43.939m bbl in the seven days to Feb. 14, a 1.6% rise week-on-week.

  • Stocks remain above the five-year average level of 40.204m bbl and outside of the previous five-year high-low range.
  • PADD 1 stocks were up 1.285m bbl, or 12.9%, to 11.215m bbl, the highest since the week ending Dec. 11.
  • In PADD 3, the USGC refining hub, stocks fell by 2.8% to 13.273m bbl.
  • On the USWC (PADD 5), stocks were down 1.3% to 10.937m bbl. Stocks have been on a general downward trend since mid-Jan and are at their lowest level since the week to Dec. 11.
  • Four-week average jet demand rose 4.4% to 1.558m b/d. Meanwhile, weekly demand was down 4.6% to 1.460m b/d.
  • When looking at the average of 2018-2023 and excluding the pandemic year of 2020, four-week average demand in 2024 is higher by 131k b/d, compared to 160k b/d last week.
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EIA data showed US jet fuel stocks built by 679k bbl to 43.939m bbl in the seven days to Feb. 14, a 1.6% rise week-on-week.

  • Stocks remain above the five-year average level of 40.204m bbl and outside of the previous five-year high-low range.
  • PADD 1 stocks were up 1.285m bbl, or 12.9%, to 11.215m bbl, the highest since the week ending Dec. 11.
  • In PADD 3, the USGC refining hub, stocks fell by 2.8% to 13.273m bbl.
  • On the USWC (PADD 5), stocks were down 1.3% to 10.937m bbl. Stocks have been on a general downward trend since mid-Jan and are at their lowest level since the week to Dec. 11.
  • Four-week average jet demand rose 4.4% to 1.558m b/d. Meanwhile, weekly demand was down 4.6% to 1.460m b/d.
  • When looking at the average of 2018-2023 and excluding the pandemic year of 2020, four-week average demand in 2024 is higher by 131k b/d, compared to 160k b/d last week.