Jet fuel demand outlook sours after fleeting market optimism

FILE PHOTO: A pipe transporting jet fuel offloaded from barges in seen at Kinder Morgan's Westridge Terminal on Burrard Inlet in Burnaby, British Columbia, Canada November 18, 2016. REUTERS/Chris Helgren

In Europe, traders were hopeful that the summer vacation season would increase demand for jet fuel. But stocks recently hit a record high despite subdued imports to the region and high exports as more countries impose border restrictions to control the new wave of the pandemic. The rising stocks in Europe and the low demand in summer encouraged many traders to look into export options. The United States was one of the main destinations in June and July, according to Kpler.

Cancel the bank

There's gotta be some steel beams that need melting.

Yes because so many people want to jam themselves into steel tubes in the air with random strangers

Looking to melt some more steel beams I see.

New planes use compressed air. Only one jet engine in the tail! contact me for info.

Of course demand has soured. It doesn't melt stwel beams.

everyone is camping now, sell it as camp fuel

It’s akin to deisel, kerosene or heating oil.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Big Oil Companies Lose Billions, Prepare for Prolonged PandemicAlthough demand and commodity prices have shown signs of recovery, Chevron said they aren’t back to pre-Covid levels, and warned its results could continue to be depressed through the third quarter 😭 This is the time to take as many losses as possible. Throw in conservative guidance and the chances of beating estimates in the future improves.
Source: WSJ - 🏆 98. / 63 Read more »

Air travel’s sudden collapse will reshape a trillion-dollar industryBold airlines with enough funds may use the coronavirus crisis to make their fleets greener Lol...419bn 😁 Are all the elites happy now ? Richard Branson owes Delta $200 Million & not showing any signs of paying his debts. Kinda seems like he had pre knowledge of an imminent, engineered, premeditated, pandemic. Costs are just too high to fly....
Source: TheEconomist - 🏆 6. / 92 Read more »