SINGAPORE (Reuters) -Traders shipped the most jet fuel from Northeast Asia to Europe in almost a year in June as lower freight rates and ample Asian supplies spurred exports, according to shiptrackers and three trade sources, amid fears of a Middle East supply disruption. Some 350,000 metric tons (2.8 million barrels) of aviation fuel is heading to Europe from South Korea and China, Kpler data showed, with some trader estimates at 465,000 tons for bookings made in June. These shipments are expected to slightly ease Asia’s jet fuel oversupply and provide a floor to prices in the near term, analysts said.Read More
Northeast Asia sends the most jet fuel to Europe in nearly a year in June
By Trixie Yap
