Unwanted jet fuel is set to spill over into floating storage in Europe where strict travel bans designed to limit the spread of the deadly coronavirus have grounded 80% of flights and devastated the region’s airline fuel demand (IOD Mar.25’20). Shipping sources tell Energy Intelligence that, by Friday, up to seven clean product tankers had been booked to act as floating storage capable of holding around 600,000 metric tons (4.7 million barrels) of jet fuel.
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