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20.05.26 - 00:45
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Indian Airlines Beg Refiners To Delay Jet Fuel Hikes (ZeroHedge)
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Indian Airlines Beg Refiners To Delay Jet Fuel Hikes
Earlier we reported that after issuing a code red about a month ago, with several airlines warning they may run out of kerosene in weeks if not days, European refiners and airlines have since backtracked on their earlier warnings; instead they now have “almost zero” concerns that jet fuel could run out over summer. That's because, as we explained in "Where To Find The Next Phase Of The Global Energy Shock", where we showed that refiners have ramped up production away from cheaper gasoline and toward much more expensive jet fuel...
... while higher imports from the US, Nigeria and Norway have also helped to stabilize supply. As Rabobank said, "It's the price mechanism at work: jet fuel prices surged in April and are currently around 60% above pre-war levels."
But while Europe may have procured much needed jet fuel, in many cases thanks to state subsidies which will transform into more expensive debt as Japan found o...
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