East Asian Refiners Eye Fuel Sales Boost Before Hormuz Reopen (opens original article in a new tab)

East Asian refiners are increasing fuel exports ahead of the Strait of Hormuz reopening, with South Korean refiners among those boosting sales, potentially affecting regional prices.

• East Asian refiners increase fuel exports after months of prioritizing local sales
• Traders note an uptick in spot offers of distillate cargoes from South Korean refiners
• Asian fuel prices may decline as suppliers sell ahead of expected Gulf cargo influx
• China's export curbs limit sales but other East Asian refiners seek to capitalize