South Korea Boosts Jet Fuel Exports to Nine-Month High

AI Summary

South Korea has increased jet fuel exports to a nine-month high, driven by higher processing rates and crude imports recovery. Analysts indicate a significant rebound in shipments to the U.S. West Coast, with volumes in May reaching the highest level since August last year.

South Korea’s refiners have increased processing rates and jet fuel exports as crude imports into the Asian country recover and wide open arbitrage encourages shipments to the U.S. West Coast, analysts have told Reuters. South Korea likely shipped the highest volumes of jet fuel in May since August last year, according to data Reuters has compiled from trade sources and energy flow tracking firms including Vortexa and Kpler. Last month, South Korea exported between 8.67 million barrels to 9.46 million barrels of jet fuel, a major rebound…