diesel margins held up relatively well as both trucking and farming, two sectors that rely on diesel, continued operating. Emirates and Singapore Airlines were the latest carriers to announce huge cuts in their passenger flights.Įuropean jet fuel prices plummeted to a near 17-year low last week, and for the past eight trading sessions European refiners have been producing gasoline at a loss.įor most of last week, U.S. In Asia, profit margins for jet fuel turned negative for the first time in over a decade as global airlines canceled flights. Refining margins for gasoline and jet fuel have tanked because of decreased demand for transportation fuels, as the disease outbreak has forced businesses to close and governments to push residents to avoid travel and public places. Baneblade, Spiderman: Into the Spiderverse, and Fallout: New Vegas.
ultra-low sulfur diesel was the latest product refined from crude oil to take a hit in its cash market last week, after refiners boosted production in a bid to escape the poorer margins for other products harder hit by coronavirus fallout. She is a former editor for Jet Fuel Review and a 2019 Wolny Writing Residency fellow. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019.
0 kommentar(er)
