IMG.gif
Spot Cargo markets

Worries About Jet Supply Mount Despite Oil Demand Warnings

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Tank,Truck,On,Flight,Line,With,Jet,A,Fuel,,No

Oil prices fell below the bottom of their recent range as fears of demand contagion spread well beyond China’s current Covid-19 lockdowns. The International Energy Agency has warned current high diesel prices are almost certain to trigger demand destruction. It now sees global diesel/gasoil demand shrinking next year, even with gas-to-oil fuel switching. Europe will be forced to bid up the market in order to draw more US, Mideast and Asian fuel away from their traditional buyers to replace Russian supplies. Dwindling US manufacturing activity is also threatening to taking a bite out of distillate buying.

Topics:
Jet Fuel, Diesel/Gasoil, Crude Oil, Oil Spot Markets
Wanda Ad #2 (article footer)
#
United Airlines has invested in Oregon-based SAF producer Next in a bid to speed up commercialization of the nascent sector.
Wed, Nov 23, 2022
Current price spreads indicate that the supply tightness that has defined oil markets in recent months has diminished.
Tue, Nov 29, 2022
Diesel profits remain sky-high in Europe but unusual diesel exports to the US show an uneven market in distress.
Mon, Nov 21, 2022