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JET FUEL
Jet fuel crack spreads in Europe and the USGC have retreated for a spike in the wake of Russia’s invasion of Ukraine, Platts said.
- However, cracks are expected to remain elevated above the historical average of $16/b.
- Jet fuel cracks are expected to remain broadly in line with diesel throughout the remainder of 2024. Thus, jet fuel is expected to be at a premium to diesel beginning this winter and lasting through to next year.
- In the longer term, Platts expects jet fuel cracks to narrowing, but could still exceed the historical long-term range of up to $20/b.
Source: S&P Global Commodity Insights
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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