Chevron Turns to India for Jet Fuel After California Refinery Fire Fallout
Market Intelligence Analysis
AI-PoweredChevron has turned to India for jet fuel imports after a fire at its Los Angeles refinery in October, resulting in the first-ever cargo of jet fuel shipped from India to the US West Coast.
Market impact analysis based on bullish sentiment with 72% confidence.
Article Context
India has shipped its first-ever cargo of jet fuel bound for the U.S. West Coast for Chevron amid favorable arbitrage economics and increased import demand following a fire at the supermajor’s refinery in the Los Angeles area in October. The Hafnia Kallang oil product tanker departed at the end of October from the Indian port of Sikka, from where India’s industrial conglomerate Reliance Industries ships cargoes from its huge Jamnagar refinery, shipping data on Marine Traffic show. Currently the Singapore-flagged Hafnia Kallang…
Analysis and insights provided by AnalystMarkets AI.