Oil & Gas Refining
Asia's regrade spread struck 6-year high up on more powerful jet fuel fundamentals
Asia's frontmonth regrade spread, the distinction between jet fuel and gasoil swaps, jumped to a sixyear high, prices information from LSEG revealed on Monday, with traders associating the transfer to strength in prompt market principles for jet fuel. The spread has been broadening for the past four-trading session to hit $2.50 a barrel - its best given that Nov. 26, 2018, when levels were around $2.55 a barrel, the information revealed. Jet fuel markets have been rallying since a week previously, as increased buying interest - with regional buyers seeking to cover their immediate November requirements - spurred greater money...