5 Oct 2020

JBC in the Media - Reuters

'While appetite for heating could give jet fuel and kerosene profits a small boost during winter months, JBC energy market analyst Philip Jones-Lux said he expected the price spread between jet fuel and gasoil to stay negative through the fourth quarter, suggesting jet fuel prices would remain lower than gasoil prices over that period.

'We expect the incentive to blend some jet fuel/kerosene into the diesel pool to remain until the third quarter of next year and that is dependent on a relative normalisation of aviation demand to within 90% of 2019 levels,' he added."