Energy Aspects prints Europe 510,000 barrels a day short of jet for October-December, on a Reuters wire, after Iranian fighting cut about half of what Europe had been importing. Kpler has September South Korea flows at 129,000 barrels a day.
Iranian fighting interrupted roughly half the jet Europe had been buying abroad. Extra barrels have been coming from Canada, Nigeria and the United States. Energy Aspects now prints Europe 510,000 barrels a day short for October-December. On the same wire the United States is 18,000 barrels a day long and Asia-Pacific is 419,000 barrels a day long. Those three prints are consultant estimates.[1]
Kpler, in that file, has South Korean barrels into Europe this September running at 129,000 a day, the strongest clip since October 2022. Independent tanks in Amsterdam-Rotterdam-Antwerp printed a seven-year trough in the week ending 10 September. Gasoil in Europe made a record this week. James Noel-Beswick at Sparta Commodities said the Asia-Europe spread now pays to send barrels west.[1]
All three Energy Aspects figures are consultant estimates, not a government quota or a declared supply commitment. The 18,000 barrels a day the United States is long and the 419,000 Asia-Pacific is long sit at the other end of the same arithmetic: if Europe's gap closes from another region's surplus, the barrels have to move west. The Korean flow running at its strongest clip since October 2022 points the same way.[1]
