Jet fuel stocks across the Pacific Basin were relatively lean at yearend before the coronavirus wiped out regional jet fuel demand. Tank levels receded to 25.6 million bbl or some 2.4% below the year-earlier mark. Japan showed the largest deficit of nearly 5% as refiners throttled back jet output and domestic demand surged to 262,000 b/d-a jump of 18% versus year-earlier. Bonded fuel for interna-tional flights and domestic supplies soared during the year-end holiday period. Jet fuel output slipped to 227,000 b/d as Japanese refiners trimmed jet yields below 7%.
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