Asia Distillates-Jet fuel cash differentials drop to 3-month low
Asia’s cash differentials for jet fuel dropped to their lowest level in three months on Wednesday, weighed down by persistent weakness in aviation demand. Cash differentials for jet fuel JET-SIN-DIF were at a discount of 38 cents per barrel to Singapore quotes on Wednesday, a level not seen since Nov. 23. They were at a discount of 25 cents per barrel on Tuesday. The jet fuel market is expected to remain under pressure in the near term as lack of both business and leisure travel due to COVID-19 keep thousands ...
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