Some buyside excitement was injected into Northwest European jet fuel barges Wednesday as BP and Vitol bid competitively.Nonetheless,sources attribute this to incremental demand,rather than an indication of any real strength."Storage is full,and is an expensive operation,so you try to stick to your quota [on term contracts].Since third-quarter 2008,the jet crack has been falling continuously- there's a huge drop in demand and the market is well-supplied.Who wants to buy now?"asked a barge trader.
展开▼