DISTLL

Trump says the US has too much jet fuel for Europe, the market disagrees

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Two lines showing monthly US jet production and demand.

US jet fuel supplies are well short of the Hormuz supply gap The US is a major consumer of jet fuel and often requires imports Higher imports could raise US jet fuel prices NEW YORK, April 1 (Reuters) – President Donald Trump this week told countries that are struggling to get jet fuel because of … Read more

Crude oil and LNG supplies are vulnerable to worst-case scenarios

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Clyde Russell

LAUNCESTON, Australia, March 30 (Reuters) – A month after the US and Israel attacked Iran, the global market for the supply of crude oil, refined products and liquefied natural gas is now at its second worst. Everything depends on the Strait of Hormuz. This chokepoint, which typically accounts for 20% of the world’s crude, products … Read more