market forces

Jet Overtakes Diesel But Europe's Suppliers Struggle to Adjust

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Europe’s leading jet fuel traders are warning that key overseas suppliers might not be able to respond to resurgent jet economics because of existing diesel commitments. A stream of newbuild very large crude carriers (VLCCs) is heading for the Mideast Gulf to load or at least top up with ultra-low-sulfur diesel (ULSD) for Europe in the coming months, meaning crucial swing producers can’t switch back to jet no matter how profitable.

Jet Fuel, Diesel/Gasoil, Oil Spot Markets, Refining
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