Small changes in jet fuel supply or demand can move market balance, Javier Blas notes

Small changes in jet fuel supply or demand can move market balance, Javier Blas notes
Jet fuel market highly sensitive to shifts

Javier Blas highlights that the global jet fuel market accounts for less than 7.5% of total oil demand, making it particularly sensitive to even minor adjustments in refining output or airline consumption.

According to Blas, refiners are currently maximizing jet fuel production, which can further impact the supply and demand balance.

Earlier this year, Javier Blas reported that U.S. refiners increased jet fuel output to address a global shortage. He also noted that Beijing cut its oil imports by about a quarter from prewar levels, increasing crude availability for other buyers. Both factors have shaped current supply patterns in refined oil products.

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