Soaring regional output boosted jet fuel stocks across the Pacific Basin to 23.4 million bbl in January - some 17% ahead of year-earlier rates. South Korea held the largest cushion to support its burgeoning role as Asia’s dominant exporter. Australia has augmented stock levels to offset its increased reliance on imports following refinery closures. Tank levels on the US West Coast exceeded 10 million bbl with a steady stream of Asian imports supplementing high production from regional plants. Stocks of burning kerosene receded to 18.7 million bbl as winter ran its course.
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