Jet fuel imports to the US West Coast reached their highest level in more
than 10 years in the week ended November 10, Energy Information Administration
data showed Wednesday.

West Coast imports soared to 275,000 b/d during the week , up 140,000 b/d
week on week. This was the highest level since the week of March 9, 2007, when
it was reported at 286,000 b/d.

Two shipping vessels from Asia recently unloaded a total of more than
600,000 barrels of jet fuel at the Port of Los Angeles, according to US
Customs data and Platts cFlow trade-flow software.

STI Ruby arrived at the port from South Korea with more than 300,000
barrels of jet fuel on November 4 for LAXFuel. More recently, Silver Carla
delivered more than 300,000 barrels of the product on Friday from China, with
North American Fuel as the consignee.

Benchmark Los Angeles jet dropped to its lowest differential in nearly 10
months Tuesday, assessed at NYMEX December ULSD minus 8.25 cents/gal, amid
increased regional supply and low seasonal demand.

Jet fuel inventories on the West Coast rose 389,000 barrels week on week
to 9.672 million barrels, a four-week high, EIA data showed. Refiner and
blender net jet production in the region also rose, climbing 54,000 b/d to
437,000 b/d.

On the East Coast, stocks dropped to an 11-week low of 8.442 million
barrels, down 1.635 million barrels. Production fell 14,000 b/d to a six-week
low of 85,000 b/d, while imports also dropped to 34,000 b/d, down 44,000 b/d
on the week.

Gulf Coast jet inventories, meanwhile, climbed 1.314 million barrels to
14.264 million barrels, as production fell 49,000 b/d to 804,000 b/d.

In the Midwest, stocks rose 339,000 barrels to 7.264 million barrels. In
contrast, production fell 10,000 b/d to 251,000 b/d, EIA data showed.

–Emmanuel Belostrino, emmanuel.belostrino@spglobal.com

–Edited by Derek Sands, derek.sands@spglobal.com

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