Jet fuel prices hit 2-decade lows
The cost of purchasing jet kerosene is continuing to fall despite a slight uptick in crude prices, as demand from airlines dries up completely in some regions. Energy information provider ICIS assesses that the price of jet kerosene for delivery to northwest Europe is US$280.25 per tonne, down from around $650 at the start of the year. Similar price declines were seen in Asian and North American markets. With storage space for jet fuel limited, the idea of using tankers to hold unsold kerosene – common practice for some crude products – was dismissed because the quality deteriorates when stored for long periods. ICIS also reports that some refiners are starting to blend their jet fuel into diesel to reduce the excess supply, while others are planning to bring forward refinery maintenance that will reduce their throughput. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-03-27/general/jet-fuel-prices-hit-2-decade-lows
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Jet fuel prices hit 2-decade lows
The cost of purchasing jet kerosene is continuing to fall despite a slight uptick in crude prices, as demand from airlines dries up completely in some regions. Energy information provider ICIS assesses that the price of jet kerosene for delivery to northwest Europe is US$280.25 per tonne, down from around $650 at the start of the year. Similar price declines were seen in Asian and North American markets. With storage space for jet fuel limited, the idea of using tankers to hold unsold kerosene – common practice for some crude products – was dismissed because the quality deteriorates when stored for long periods. ICIS also reports that some refiners are starting to blend their jet fuel into diesel to reduce the excess supply, while others are planning to bring forward refinery maintenance that will reduce their throughput. <br/>
