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JET FUEL: European Regrade Near Lowest Since March 2023

JET FUEL
Energy BulletsCEEMEABulletCommodities

The European jet fuel premium to diesel, or regrade, has fallen to the lowest since March 2023, other than a brief dip in September, according to Bloomberg.

  • The jet fuel premium fell as low as $33.38/ton on Dec. 30 while ARA stores remain above normal, Insights Global data shows.
  • The NW Europe regrade is “ultra weak due to a supply glut,” Eugene Lindell at FGE said, after unusually high jet fuel imports in recent months through to early December.
  • “The situation is rectifying itself with a dearth in exports to Europe, especially from East of Suez, as also reflected in weak E/W clean freight,” he said.
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The European jet fuel premium to diesel, or regrade, has fallen to the lowest since March 2023, other than a brief dip in September, according to Bloomberg.

  • The jet fuel premium fell as low as $33.38/ton on Dec. 30 while ARA stores remain above normal, Insights Global data shows.
  • The NW Europe regrade is “ultra weak due to a supply glut,” Eugene Lindell at FGE said, after unusually high jet fuel imports in recent months through to early December.
  • “The situation is rectifying itself with a dearth in exports to Europe, especially from East of Suez, as also reflected in weak E/W clean freight,” he said.