South Korea raises jet fuel exports to Europe to four-year high

South Korea increased its jet fuel shipments to Europe in September to their highest level since October 2022.

According to Reuters, cited by Report, supply volumes reached 129,000 barrels per day. LSEG also provides comparable figures.

According to a forecast by Energy Aspects, Europe could face a jet fuel deficit of 510,000 barrels per day in the fourth quarter. Meanwhile, the US is expected to have a surplus of 18,000 barrels per day, while the Asia-Pacific region is forecast to post a surplus of 419,000 barrels per day.

James Noel-Beswick, head of commodities at Sparta Commodities, said the continuing deficit in Europe would support demand for imported jet fuel.