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Energy Crisis Drives Jet Fuel Gains

Copyright © 2021 Energy Intelligence Group
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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.

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