Korean Jet Exports Steady Despite Higher Refinery Runs

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South Korea’s jet exports were steady in May despite booming fuels production, after refiners switched their focus to making diesel. The country regularly supplies jet fuel to both the US and Europe, and has been selling more diesel to Europe since the EU banned Russian imports. New data from Korea National Oil Corp. show jet exports at 258,000 b/d in May, up 2,000 b/d on April traffic but down 44,000 b/d compared to May last year. Total refinery production rose 98,000 b/d on the month to 2.96 million b/d in May as utilization jumped from 80.7% to 83.5%. Diesel production rose by 68,000 b/d to 1.01 million b/d in May while jet output grew by just 9,000 b/d to 419,000 b/d.

Jet Fuel, Oil Supply, Refining, Oil Products
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