Tagged Posts for Jet-fuel
Europe Diesel Crack Hits Two-Year High on Supply Fears
Gross diesel margins in Northwest Europe (NWE) soared this week to the highest level since September 2023 as supplies from Russia – the world’s second largest exporter – come under pressure from sanctions and Ukrainian attacks on refineries and ports. Read More
Russia’s Diesel Exports Plunge Amid Ukrainian Attacks on Refineries
Russia’s diesel exports plummeted in September to an eight-year low for the month as a recent wave of Ukrainian drone attacks has significantly disrupted the country’s refining system. Read More
Will European Refinery Run Rises Boost Diesel Yields and Support Margins?
The International Energy Agency’s July Oil Market Report says that European refinery throughput in July 2025 is projected to be 11.3 million barrels/day, up from 11 million b/d in June and 10.9 million b/d in May. The IEA added “the current strong margin environment and rising crude supplies increase the chances that runs will surprise to the upside in the coming months.” Read More
OPEC+ Production August Increase Covered by Current Production
On July 5, the eight members of OPEC+—the grouping of the Organization of the Petroleum Exporting Countries (OPEC) and ten other oil exporters—that agreed last December to an additional voluntary cut of 2.2 million barrels/day over a two-year period, announced the final stage of the unwinding of these cuts one year ahead of schedule by agreeing to a production increase of 548,000 b/d effective Aug 1. Read More
Larger Inter-Regional Price Spreads to Revive Jet Fuel Arbitrage Discussions
The price spreads for jet fuel between Northeast Asia versus Northwest Europe and the U.S. West Coast opened up at Wednesday's closing, which may once again entice market players to restart arbitrage discussions while simultaneously diverting selling interest for swing barrels away from Asia to Europe. Read More
Insolvent UK Lindsey Refinery Continues to Operate but Closure Looms
The U.K. government confirmed that it is funding operations at the 113,000 b/d Lindsey refinery for the time being while it assesses options for the future of the site after owners Prax Group filed for insolvency. Read More
Freight Rates for Transatlantic Voyages Soar as Europe Pulls More US Diesel
Freight rates for MR tankers hauling U.S. diesel to Europe have tripled in two weeks amid supply concerns due to the escalating Iran-Israel conflict. Read More
Asia’s Oil, Refined Prices Jump on Israel-Iran Conflict
Oil and refined product prices rose in Asia on Friday amid heightened levels of uncertainty following Israel’s attacks on Iran’s nuclear facilities. Read More