Tesoro (TSO) reportedly is set to ship a jet fuel cargo from Asia to the U.S., marking its first...

|About: Tesoro Corporation (TSO)|By:, SA News Editor

Tesoro (TSO) reportedly is set to ship a jet fuel cargo from Asia to the U.S., marking its first such move this year. Profitable arbitrage economics to ship jet fuel from Asia to the U.S. after a fire shut Chevron's Richmond, Calif., refinery has encouraged traders to aggressively look to ship cargoes for the route; the supply shortfall has caused U.S. jet fuel prices to shoot up, attracting cargoes from the east.