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Jet fuel demand outlook sours after fleeting market optimism

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For a faint moment, energy traders had an inkling that demand for jet fuel, the worst-hit product in fuel markets due to the coronavirus pandemic, might stage a bit of a rebound.

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.

 

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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.

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