Jet fuel refining profits disappear as airlines ground fleets
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SINGAPORE (Reuters) - Jet fuel prices are falling globally from Singapore to New York as airlines ground flights amid stringent travel restrictions to contain the coronavirus pandemic.Asian jet fuel refining margins have turned negative for the first time in over a decade, while jet fuel prices in New York fell to the lowest on record as demand for the fuel is anticipated to drop by as much as 70% in the second quarter.Most international flights are currently grounded as nations worldwide try to..