Jet Fuel Is Now So Cheap It’s Being Blended for Use by Ships

(Bloomberg) — The fuel that powers passenger planes is normally among the most expensive oil products, but in a sign of the times the coronavirus has turned it into a blending component for typically cheaper shipping fuel.Straight-run kerosene, usually processed into jet fuel, is now being used to make very low-sulfur fuel oil for the maritime industry amid a plunge in consumption by airlines. Higher than normal amounts of diesel and vacuum gasoil are also finding their way into shipping fuel.The shift, almost unthinkable just a year ago, reflects the obliteration of demand the aviation industry has suffered in the …read more

Source:: Yahoo Finance

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