Singapore to send jet fuel to NWE next month amid high stocks

摘要

A jet fuel volume of 1.68MM mt(422.6K b/d)is set to move from Singapore to NWE in May despite unviable arbitrage economics amid high jet stocks in Singapore and reduced supplies in NWE.Demand for jet fuel in Asia is typically at an annual low in 2Q,leaving the Far East with a glut of surplus product,but few outlets for these cargoes.