spot cargo markets

Jet Exposed as Military Threat Drives Brent Toward $90/bbl

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
AP-21341515167131-Ukrainian soldier-Russia-border-dispute
Andriy Dubchak/AP

Brent crude neared $90 per barrel as bubbling geopolitical tensions and supply constraints outweigh any ongoing demand concerns around the pandemic. The oil pricing benchmark is at its highest in seven years, supported by Opec-plus’ failure to meet promised production quotas and Russian aggression in Ukraine. Jet traders were quick to point out that any military response to Russia by Nato would trigger a scramble for jet fuel and further expose Europe's threadbare supply lines. A drone strike on the United Arab Emirates claimed by Yemen's Houthi rebels only added to the market tensions.

Jet Fuel, Oil Spot Markets, Crude Oil
Wanda Ad #2 (article footer)
India plans to set a 2025 target for 1% SAF usage for domestic airlines to meet its net-zero emissions goal by 2070.
Fri, May 26, 2023
Exports of Russian diesel are expected to pick up in June without returning to the elevated levels seen in December-March.
Tue, May 30, 2023
Fears that Russian diesel is still being sold in Europe could mean a ban on any tankers loading ship to ship or switching off transponders.
Tue, May 23, 2023