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Energy Crisis Drives Jet Fuel Gains

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Middle distillates outpaced buoyant crude as record-high natural gas prices spark fuel switching to diesel-type winter heating oils. US diesel futures hit a seven-year high midweek, taking jet fuel along for the ride despite still-subdued airline fuel buying. Trading bosses speaking at the Energy Intelligence Forum 2021 this week suggested at least 2 million barrels per day of global jet demand was still missing and unlikely to fully return before next summer.

Jet Fuel, Crude Oil, Oil Spot Markets, Oil Demand, Oil Supply, Oil Inventories, Oil Tankers
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