US fuel supply rises in October

The US supplied 8% more fuel oil per day on average in October compared to September, according to the Energy Information Administration (EIA).

Volumes of fuel oil supplied out of US storage tanks increased in October. The fuel oil goes to outlets like bunker fuel blenders and bulk terminals, refinery coking units for upgrades to higher-value products, or to power generation.

Ships account for around 84% of US residual fuel oil supply, according to EIA estimates.

Supply, which can also imply demand, increased from 291,000 b/d in September to 315,000 b/d in October, the EIA reports.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →