Consultancy Energy Aspects forecasts a European jet-fuel deficit of 510,000 barrels per day in the fourth quarter, Reuters reported. Disruption linked to the Iran war has cut off roughly half of the continent’s usual jet-fuel imports from the Middle East, increasing reliance on Nigeria, the United States, Canada and Asia.
South Korean shipments to Europe have reached about 129,000 barrels per day so far in September, the highest level since October 2022, according to Kpler data. Independent stocks in the Amsterdam-Rotterdam-Antwerp hub fell to a seven-year low in the week to September 10.
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