Signs of recovering jet fuel demand, coupled with higher diesel demand, could help strengthen global distillate crack spreads and give refiners a boost, according to Par Pacific Petroleum President and CEO Joe Israel. "Jet fuel demand numbers are starting to improve and show signs of life, allowing refiners to drop less jet into diesel which will eventually provide well-needed relief on distillate stock," Israel said.
Resurgent jet fuel demand brightens refining outlook
Sign up for AIChE SmartBrief
News for chemical engineers
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.