Coronavirus tips jet fuel margins into biggest monthly fall in over a decade
Share:
SINGAPORE (Reuters) - The suspension of flights to China by global airlines due to the coronavirus epidemic resulted in Asian refining margins for jet fuel in January showing their biggest monthly decline in a more than a decade.Refining margins or cracks for jet fuel dropped 34% in January, their biggest monthly drop according to data going back to as far as April 2009, Refinitiv Eikon showed.Cracks for the aviation fuel, which closed at $9.61 a barrel over Dubai crude on Friday, have shed 17%..