Platts Jet Fuel

A closer look at Platts jet fuel coverage

  • News & Commentary
  • Prices
Jet Fuel News
Aug 27 2015 06:55:00 EDT

Wood Mackenzie is expecting the price of jet fuel cargoes delivered into Northwest Europe to rise over the remainder of the year and over the course of 2016, the energy consultancy said in a report...

Read the full story...

Aug 11 2015 08:20:00 EDT

The premium of FOB Rotterdam jet barges to ULSD FOB ARA barges fell to $5.50/mt Monday, its lowest since March 16 2009, as outstanding selling interest in the Jet barge market from Vitol caused dif...

Read the full story...

Aug 10 2015 16:51:00 EDT
Aug 6 2015 11:27:00 EDT
Aug 4 2015 05:44:00 EDT
Jul 30 2015 00:56:00 EDT
Jul 24 2015 08:40:00 EDT
Jul 22 2015 04:43:00 EDT
Jul 21 2015 09:37:00 EDT
Jul 20 2015 09:39:00 EDT
Follow our Jet Fuel news, delivered by a team of dedicated journalists around the clock, on a real-time basis with Platts.
Market Commentary

Jet: Divergent outlooks on NWE direction


August 27, 2015

The Northwest European jet fuel market rallied for again Thursday as the paper market moved higher. The September swap rose $1.25/mt while the October swap gained $0.50/mt.


The Northwest European jet fuel market rallied for again Thursday as the paper market moved higher. The September swap rose $1.25/mt while the October swap gained $0.50/mt.


"I think Europe will leave peak demand season with peak stocks...which inevitably means the roll down that has been prevalent all year will continue, and it takes away the ability of the market to spike because there is a lot of stock laid down," one trader said.


On the hand, Wood Mackenzie, a consultancy, is expecting the price of jet fuel cargoes delivered into Northwest Europe to rise over the remainder of the year and over the course of 2016, the energy consultancy said in a report.


Citing strong demand growth and the likelihood of an eventual uptick in crude prices, Wood Mackenzie forecast cargo prices in Northwest Europe to hit $580/mt by the end of the year and $710/mt by the end of 2016.


The report noted that an expected 2.8% increase in global demand growth for the aviation fuel in 2016 would outpace demand increases for other oil products, leading to a higher premium for jet fuel over low sulfur gasoil.


Platts assessed CIF NWE jet fuel cargoes at $442.50/mt on Wednesday -- their lowest level since March 18, 2009 -- as the price collapse in crude oil and bearish fundamentals for jet fuel in Europe have converged to place the market under severe pressure.


Premiums to the front-month ICE low sulfur gasoil contract have averaged $14.25/mt so far in August versus a full-year average of $53.39/mt in 2014.


Over the course of 2015, refinery expansions in both the Middle East -- notably at Ruwais in the UAE -- and the Baltics have funneled increasing volumes of jet fuel into the European market at a time when regional utilization rates were already elevated on strong cracking margins.




Make sense of what is moving the market and why with daily market commentary.

Jet Market Trend Jet, FOB Rotterdam Barge

Jet/Kero, FOB Singapore Cargo

Jet 54, FOB USG Pipeline

Receive end-of-day price assessments at your desktop with Platts Market Data


© 2015 Platts, McGraw Hill Financial. All rights reserved.