South Korea Boosts Jet Exports

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

South Korean jet exports in March surged by 36% from February rates despite a drop in refining runs, leading to a significant inventory drawdown. Outgoing shipments jumped by 56,000 b/d to 210,000 b/d in March and were 72,000 b/d higher than year-earlier levels, according to data from Korea National Oil Corp. Refining throughput fell by 93,000 b/d from February to 2.76 million b/d in March as utilization rates dipped by 2.7 percentage points to 78%. Jet production fell by 15,000 b/d to 276,000 b/d in March. Higher export volumes caused a huge drawdown in jet inventories, which plunged by 847,000 bbl or some 19% to 3.59 million bbl in March.

Jet Fuel, Oil Inventories
Wanda Ad #2 (article footer)
ZeroAvia can advance its vision for hydrogen aviation with a funding round led by Airbus, Barclays Sustainable Impact Capital and Saudi Arabia's NEOM.
Fri, Sep 22, 2023
Lower Russian exports are threatening to shatter the fragile rerouting of global diesel flows that has emerged since EU sanctions.
Tue, Sep 19, 2023