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Australia’s jet fuel demand battered by omicron, but medium-term outlook brighter

Highlights Qantas Group cuts flight capacity as staff, holiday-makers isolate due to omicron Australia’s 2022 jet fuel demand seen around 46% below 2019 levels: Platts Analytics But Asian jet fuel prices elevated by tight supply The prospects of near-term recovery in Australia’s jet fuel demand remain bleak as a surge in omicron infections upend staffing […]

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Travel

Asia Distillates Jet fuel refining margins climb

SINGAPORE, Dec 7 (Reuters) – Asian jet fuel refining margins climbed on Tuesday, despite firmer feedstock crude prices, as traders were hoping the Omicron variant of the coronavirus, which has so far shown mild symptoms, would not be substantially disruptive to demand recovery. Refining margins or cracks for jet fuel were at $10.32 per barrel […]

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