Jet fuel reclaims king of the barrel status in Europe amid demand revival

摘要

Profit margins for refining jet fuel in Europe have skyrocketed in recent weeks driven by strong seasonal demand, combined with low stocks and a lack of local supply. Jet fuel is now the most lucrative oil product in the barrel, with crack spreads climbing to record highs recently. Jet fuel prices are now trading at their typical pre-COVID-19 premium versus diesel, trading sources told S&P Global Commodity Insights.