Bloomberg: Jet Fuel Rally in New York Seen Ending as Cargoes Restore Supply

“Ship broker Poten & Partners has seen a ‘significant’ pick-up in jet-fuel tanker deliveries to the U.S. this year, Erik Broekhuizen, the company’s head of marine research, said by telephone from New York yesterday. “‘There has definitely been more jet fuel moving in 2014 than in 2013, more than double what we saw last year in reported fixtures, and that’s only a fraction of the market,’ Broekhuizen said. ‘Whether that’s because U.S. refiners are making something else or there’s been a strong pick-up in airline traffic, I don’t know.'”
Visit Us On TwitterVisit Us On Linkedin