"Although the refineries are trying to increase this, the pipelines are not bringing any crude which means that it is subject to the same logistical as refined product imports," he said. The PCK refinery in Eastern Germany, for example, had only managed to replace 70% of its Russian crude slate and as a result was running at a similar production rate, one airline source said. Jet markets in Central and northeastern Europe are suffering from a lack of the Russian crude on which the region was previously reliant, according to airline sources, causing bottlenecks in alternative supply lines, pushing fuel procurement costs up and dampening demand, with some refineries resorting to lower throughput and reduced runs. Platts, a part of S&P Global Commodity Insights, assessed the CIF Northwest Europe jet fuel cargo flat price at an average of $853.35/mt for the months of June, July and August, compared with $558.52/mt for the same three months over 2015-2019. Receive daily email alerts, subscriber notes & personalize your experience.
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