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Hurricane Ida Whips Up US Jet Fuel Markets

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Hurricane Ida is set to further tighten US jet markets with at least 1.3 million barrels per day of critical US Gulf Coast refining still out of action Friday as power outages and storm damage to infrastructure outside of refineries continue to hamper assessment and restart efforts. Ida’s remnants caused massive flooding in the US Northeast as well, briefly suspending flights from Newark airport and disrupting fuel supplies in a key consuming market.

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