Reported 3 days ago
Asia's jet fuel exports to the U.S. West Coast are set to reach a one-year high in May, primarily due to refinery outages in California that have increased prices and import demand. With approximately 600,000 metric tons expected to be exported, mostly from South Korea, this surge coincides with the start of the American summer travel season. The unexpected refinery disruptions have led to higher local prices, prompting traders to seek imports from North Asia. As demand increases, the situation highlights vulnerabilities in U.S. fuel supply.
Source: YAHOO