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East Asian Refiners Eye Fuel Sales Boost Before Hormuz Reopen

East Asian Refiners Eye Fuel Sales Boost Before Hormuz Reopen
Bloomberg Markets Thursday 18 June 2026, 09:44 UTC By Nicholas Lua 1 min read
Key Points

East Asian Refiners Eye Fuel Sales Boost Before Hormuz Reopen Refineries in East Asia are starting to ramp up fuel exports after months of holding back and prioritizing local sales, in what appears to be an attempt to front-run the market before the Strait of Hormuz reopens. There has been an uptick in spot offers of distillate cargoes — which includes diesel and jet fuel — from at least two processors in the recent week, traders said, with South Korean refiners among them. The increase is...

East Asian Refiners Eye Fuel Sales Boost Before Hormuz Reopen Refineries in East Asia are starting to ramp up fuel exports after months of holding back and prioritizing local sales, in what appears to be an attempt to front-run the market before the Strait of Hormuz reopens. There has been an uptick in spot offers of distillate cargoes — which includes diesel and jet fuel — from at least two processors in the recent week, traders said, with South Korean refiners among them. The increase is an extension of a trend seen over the past month, as high stockpiles in some Asian nations prompt a rise in sales.
East Asian (ORG) East Asia (LOCATION) the Strait of Hormuz (LOCATION) South Korean (ORG) Asian (ORG)
Originally published by Bloomberg Markets Read original →

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