Save for later Print Download Share LinkedIn Twitter 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.
