Media contributions
1Media contributions
Title Fuel stocks tick up for the first time in six updates - even as Asian refinery utilisation rates slump Degree of recognition National Media name/outlet The Post Media type Web Duration/Length/Size 6 min read Country/Territory New Zealand Date 29/04/26 Description This article reports the first increase in New Zealand's fuel stock cover across six updates, with petrol at 52.8 days, diesel at 46.1 days and jet fuel at 49.1 days, each disaggregated between onshore holdings, cargoes within the exclusive economic zone and vessels beyond it, alongside the Government's letter of intent with Z Energy to procure and store approximately 90 million additional litres of diesel under Crown release control. The substantive analytical content concerns conditions upstream: Asian refining throughput is set to fall sharply as crude imports reach a ten-year low, with South Korean utilisation expected near 65 per cent and Singapore averaging below 50 per cent against a typical 70. Critically, refiners substituting lighter and sweeter grades from the United States, Kazakhstan and West Africa for lost Middle East barrels are producing proportionally more gasoline and naphtha and correspondingly less middle distillate, curtailing diesel and jet fuel output by at least one million barrels per day and driving jet fuel prices higher for Australian and New Zealand carriers. Vessel-tracking data supplied by Dr Lurion De Mello, with London Stock Exchange Group, documents inbound arrivals by origin, cargo type and discharge status. Producer/Author Dita De Boni URL https://www.thepost.co.nz/business/360994977/fuel-stocks-tick-first-time-six-updates-even-asian-refinery-utilisation-rates-slump Persons Lurion De Mello