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

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.
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Comments (1)
  • Choosh
    , contributor
    Comments (400) | Send Message
     
    As I understand, some Iranian oil is permitted to go to China, Japan, Korea, etc.? If Iranian oil makes it's way here we'll have a Milo Minderbinder moment.
    24 Aug 2012, 11:34 AM Reply Like
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