Tag: jet fuel

jet fuel

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SK Innovation's oil refining factory in Ulsan.

Exclusive: Korea slashes jet fuel exports to U.S. amid Iran war uncertainties, redirects flows to Japan on higher margins

Korean refiners are diverting jet fuel and gasoline to higher-margin Asian markets as war-related risks disrupt shipments to the United States.

2026.6.10

Korean Air planes are seen at Incheon International Airport on April 16. [YONHAP]

Airfares set to skyrocket with record fuel surcharges as Iran war wreaks havoc on oil supply

Airfares are poised to skyrocket further next month as Korean carriers have raised fuel surcharges for May to record levels, driven by a surge in oil prices in the wake of the lingering Iran war.

2026.4.16

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From left, U.S. President Donald Trump delivers a national address on the war against Iran in April in Washington; An aircraft is being refueled. [AFP/YONHAP/GETTY IMAGES]

Exclusive: Korea’s jet fuel exports to U.S. in holding pattern in wake of Iran war

Korea has virtually suspended its jet fuel exports amid crude oil shortages, a move set to hit the United States — which relies on Korean fuel for roughly 80 percent of its supply — the hardest.

2026.4.7

Travelers wait to get checked in at Incheon International Airport on Sunday. [NEWS1]

Airline, duty-free industries faring poorly amid high exchange rates

Airline and duty-free industries were expected to bounce back as the pandemic waned, but are instead being ambushed by high exchange rates and faring poorly. The closing price of the won-dollar exchange rate exceeded 1,300 won for the first time...

2022.6.27

Tag: jet fuel

jet fuel

Latest News

Exclusive: Korea slashes jet fuel exports to U.S. amid Iran war uncertainties, redirects flows to Japan on higher margins

Airfares set to skyrocket with record fuel surcharges as Iran war wreaks havoc on oil supply

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Exclusive: Korea’s jet fuel exports to U.S. in holding pattern in wake of Iran war

Airline, duty-free industries faring poorly amid high exchange rates