With the US and Iran launching attacks in the Mideast, some refineries may ramp up runs more slowly or hold off on raising runs, possibly through early August.
Refining runs in South Korea, a key Asian refining hub, have recovered to prewar levels as refiners seek to capitalize on strong refined product export margins. Japanese runs are experiencing some recovery but not to South Korea's levels, in part due to maintenance.
Chinese refiners have yet to start ramping up their operating runs, almost a month after Iran and the US signed an initial MOU.
Jet fuel exports jump as South Korean refiners recover output and increase shipments
Key refiners in Saudi Arabia, Kuwait and the UAE hope that the US-Iran peace deal will enable a rapid ramp-up in their…
US refineries are running near maximum capacity to fill global fuel shortages caused by the Iran war and disruptions in Russia.…
South Korea's jet fuel exports hit a nine-month high in May, jumping 36% from April as crude arrivals recovered and wide U.S.…
Run rates at so-called teapots fell to 50.5% in the week to June 21, dropping below pandemic-era lows to the weakest since 2017
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