High refinery throughput across the Pacific Basin bolstered jet fuel stocks to 21.8 million barrels at end-March, some 5.4% ahead of year-earlier rates. South Korea showed the largest surplus of 22% as new refinery capacity boosts production rates to feed the burgeoning export market. Australia has padded its stockpiles to improve supply security amid refinery shutdowns over the last several years. A steady influx of imported cargoes from Asia boosted US West Coast stocks to nearly 9.8 million bbl.
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