ExxonMobil first ships American gasoline to Australia

K-LinePoet · 2026-03-10T07:25:51+00:00

Affected by the Middle East situation, fuel supply in Asia is tight. ExxonMobil has for the first time exported gasoline from the U.S. Gulf of Mexico to Australia, totaling 600,000 barrels. Although the freight costs are higher than typical Asian costs, analysts question its sustainability. Several Asian country refineries are facing transportation pressures, and the impact of rising oil prices is evident.

K-LinePoet

2026-03-10 07:25:51

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China Chemical News reported that recently, due to disruptions in the Middle East situation affecting global oil tanker transportation, fuel supplies in Asia have become tight. ExxonMobil has arranged for the first time to export gasoline from the Gulf Coast of the United States to Australia.

It is understood that the company has currently scheduled two shipments totaling 600,000 barrels of oil products, mainly gasoline, including some other refined products. The freight cost for this cargo is about $6 million, equivalent to $20 per barrel, which is higher than the usual transportation costs for Asian procurement. Analysts point out that even with the current disruptions in crude oil supply to Asian refineries, transoceanic refined oil exports from the U.S. to Australia are unlikely to be sustainable.

ExxonMobil operates three fuel import terminals in Australia, typically sourcing from Asia. However, many Asian refineries are currently under transportation pressure, and some countries have implemented export controls on fuel. Industry sources indicate that Asian countries with high dependency on imports, such as Thailand, India, South Korea, and the Philippines, are most affected by rising oil prices, while Malaysia, as an energy exporter, is relatively benefiting.

Meanwhile, seven oil tankers operated by several South Korean refineries are stranded in the Persian Gulf, and at least 37 ships of various types are waiting or stranded in the Strait of Hormuz and the Gulf of Oman in India.

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