Commodity Market Report

Genscape weekly European market signposts - Jet imports wane as floating flotilla builds

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29 June 2020

Genscape weekly European market signposts - Jet imports wane as floating flotilla builds

Report summary

This weekly update integrates Genscape’s proprietary monitoring of near-term data with Wood Mackenzie's Product Markets Short-Term analysis to provide insight to the fast-changing European oil products markets. Given the forecast weak jet fuel demand and surge of recent imports, jet floating storage volumes could exceed the total ARA jet storage volumes in the coming weeks. The implications of this product overhang for jet fuel crack spreads and overall refinery margins is extremely negative, capping any upside potential and limiting the return of ‘normal’ production levels in the near term.

Table of contents

  • European jet imports wane as floating flotilla builds
    • Floating storage flotilla builds
    • Imports to slow on growing jet overhang
    • Weekly European market signposts

Tables and charts

This report includes 2 images and tables including:

  • ARA jet fuel storage
  • NW Europe jet fuel floating storage

What's included

This report contains:

  • Document

    Genscape weekly European market signposts - Jet imports wane as floating flotilla builds

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