IMG.gif

Lower South Korean Exports

Copyright © 2021 Energy Intelligence Group

Jet fuel exports tumbled in August despite higher crude throughput as refiners prioritized production of kerosene and gasoil. Asia's powerhouse exporter shipped out 200,000 b/d of jet in August, with volumes dropping by 40,000 b/d from July, according to data from Korea National Oil Corp. (KNOC). Exports also fell by 18,000 b/d from last August. Korean refiners boosted crude throughput by 125,000 b/d from July to 2.7 million b/d in August, although run rates remained relatively low at 77.4%. With the approach of winter refiners are prioritizing production of dual-purpose kerosene. Jet production dropped by 23,000 b/d from July to 301,000 b/d in August while kerosene output rose by 17,000 b/d over the same period to 122,000 b/d. Refiners also ramped up gasoil output by 49,000 b/d in August to 961,000 b/d. Domestic consumption of jet fell by 8,000 b/d from July to 49,000 b/d in August, but was 4,000 b/d higher than the year-earlier month.

The European major expects SAF to comprise most liquid fuels demand by 2050, and has designed a net-zero refinery to help meet it.
Wed, Nov 24, 2021
The emergence of yet another variant of the Covid-19 virus threatens to hamper oil demand and the broader economic recovery.
Fri, Nov 26, 2021
Swiss trading giant in deal to take full control of the Vivo Energy Africa-focused joint venture.
Thu, Nov 25, 2021