Jet fuel stocks across the Pacific Basin receded in June as strong presummer demand drained tank levels in South Korea and Japan. Regional stocks fell below 21 million barrels by end-June to 6% under the year-ago mark. Korean refiners drew product from inventory to maintain high export rates to the US and Europe, while Japanese oil firms also increased export flows back to 65,000 b/d. Stocks of burning kerosene in North Asia continued to recede during the shoulder season before the autumn build-up.
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