Jet fuel values which dropped significantly in the first part of last year have left negative territory vis-a-vis ICE low sulfur (LS) gasoil to project a reasonable premium over the gasoil benchmark, according to price reporting agency S&P Global Platts.
The pandemic decimated consumer demand for jet travel, as well as cruise, leaving the former sector’s fuel with nowhwere to go.
Emma Thomas CommentsDuring the first phase of the pandemic, “jet fuel values had gone negative to $80 per metric tonne...
https://mfame.guru/jet-fuel-regains-premium-over-the-gasoil-benchmark/