EIA Includes Biodiesel Production in Distillate Fuel Oil Demand Calculation
U.S. and regional petroleum supply and disposition balances reported by the U.S. Energy Information Administration (EIA) in the upcoming Petroleum Supply Monthly (PSM) data for May 2012 include biodiesel production data for the first time. In addition, previously published PSM data for January-April 2012 will be revised to include biodiesel production. Similar revisions will be reported for 2011 when the Petroleum Supply Annual is released at the end of August 2012. Biodiesel production data in the PSM allow EIA to more completely account for biodiesel when calculating demand (measured as product supplied) for distillate fuel oil. Biodiesel production and other biodiesel data will be included on the line called “Renewable Fuels Except Fuel Ethanol” in PSM supply and disposition tables.
Posted: July 27, 2012