Fuel Shock Forces Airlines Into Emergency Mode

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e=this;e._store.resetNewCount(),e._view.updateBadgeNode(e._badgeNode),M(e._badgeNode,e._config.badge.hideClass)}},{key:"_showIndicator",value:function(){this._indicatorNode&&(this._store.getNotifications().newCount?M(this._indicatorNode,this._config.panel.indicatorClass):I(this._indicatorNode,this._config.panel.indicatorClass))}},{key:"_showBadge",value:function(){var e=this;e._store.getNotifications().newCount?I(e._badgeNode,e._config.badge.hideClass):M(e._badgeNode,e._config.badge.hideClass)}}]),e}(),F={promos:{eligibleBodyClass:"display-push-promos",enableNotifOnboard:!0,bypassEligibleClassCheck:!1,notifOnboardBtnLabel:"Notify Me",notifOnboardMsg:"Get alerts for breaking news and top stories",promoLogo:"https://s.yimg.com/cv/apiv2/ae/news/circle_bell.png",showYahooLogo:!0,subscriptionTopic:"gondor_homerun_news"},badge:{hideClass:"",maxCount:5,selector:""},panel:{emptyPanelMsg:"You have no new 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n,o,i,r=e.getConfig();if(t.ybar&&["desktop","tablet"].includes(r.device)&&(null===(n=r.bucketConfig)||void 0===n?void 0:n.highlight_searchassist)&&(null===(o=r.bucketConfig)||void 0===o?void 0:o.overlay_class)){t.ybar.setAttribute("data-ovrly-bkt",r.bucketConfig.overlay_class),null===(i=t.searchForm)||void 0===i||i.classList.add(Ft[r.bucketConfig.overlay_class]);var a=document.createElement("div");a.classList.add(Ft.overlay,Ft[r.bucketConfig.overlay_class]),document.body.appendChild(a),e.onDestroy((function(){document.body.removeChild(a)})),e.addElementListener(t.searchForm,"focusout",(function(e){if(t.searchForm&&t.searchInput){var n=e.relatedTarget;n&&!t.searchForm.contains(n)&&window.YAHOO.SA&&window.YAHOO.SA.apps&&window.YAHOO.SA.apps[0]&&window.YAHOO.SA.apps[0].view.shown&&window.YAHOO.SA.apps[0].view.hide()}}))}}(e,o),Vt(e,o),o.searchGradientBorder){var i=!1;o.searchInput.addEventListener("keydown",(function(e){var 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and petroleum products are trapped at the Strait of Hormuz, forcing Asian refiners to cut run rates and Asian countries to restrict or ban exports to preserve domestic supply.Jet Fuel Shock The product market came under more severe stress than the crude markets as the war dislocated oil and fuel supplies and sent jet and diesel premiums over Brent to astronomical highs. Nowhere has the stress been more severe than in jet fuel cracks and prices, signaling acute price pain for airlines and consumers going forward.The specifics of producing and storing jet fuel compared to other fuels made the kerosene market the most vulnerable to the major shifts in physical supply seen over the past weeks, analysts say.Jet fuel is the most stressed barrel, June Goh, Senior Oil Market Analyst for Sparta Commodities, says, noting that jet fuel has very specialized tank storage requirements and there isn’t much of it stored globally, unlike many other products such as diesel and gasoline.Due to these storage constraints, jet fuel supply was the hardest hit at the start, Goh said at the end of last week.“No alternatives for production and no strategic storage. Some airlines are forced to induce demand destruction. Prices have doubled,” the analyst noted.Related: Chinese Publication Claims U.S. Has Two Months of Rare Earths LeftEven if the Strait of Hormuz were to open unconditionally to all traffic today, the global oil production and refining supply chains would take at least three to six months to normalize to pre-war levels, Goh said in an analysis last week.The damage is done, and it will take months to return to normal, if ‘normal’ could be applied to global oil flows from now on. Until some kind of ‘normal’ returns, the most stressed barrels – jet and diesel fuels – would become even more stressed as Asia reduces refinery runs and exports. while storage, where available, is being aggressively tapped.“A global jet supply crunch is emerging with no clear relief mechanism,” James Noel-Beswick, Head of Commodities at Sparta, said in the commodity analytics firm’s trading outlook for April.The market is signaling “a genuine shortage with limited ability to rebalance” as all major arbitrage windows into Europe and Los Angeles are closed despite extreme pricing and U.S. Gulf jet barrels are already stretched, Noel-Beswick added.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersBTC-USD Bitcoin USD 66,826.06 +238.98 (+0.36%)ETH-USD Ethereum USD 2,049.79 -4.29 (-0.21%)XRP-USD XRP USD 1.32 -0.00 (-0.34%)^GSPC S&P 500 6,582.69 +7.37 (+0.11%)BTC-CAD Bitcoin CAD 93,205.66 +333.31 (+0.36%)PortfolioSign in to access your portfolioSign inTop gainersAAOI Applied Optoelectronics, Inc. 103.91 +17.56 (+20.34%)SBAC SBA Communications Corporation 204.04 +32.48 (+18.93%)YSS York Space Systems, Inc. 28.03 +4.43 (+18.77%)VSAT Viasat, Inc. 53.69 +8.46 (+18.70%)LUNR Intuitive Machines, Inc. 23.99 +3.75 (+18.53%)Top losersKNF Knife River Corporation 73.91 -8.20 (-9.99%)WIX Wix.com Ltd. 81.95 -8.55 (-9.45%)PBH Prestige Consumer Healthcare Inc. 52.48 -5.20 (-9.02%)ENPH Enphase Energy, Inc. 34.92 -3.36 (-8.78%)RGC Regencell Bioscience Holdings Limited 30.80 -2.92 (-8.66%)Most activeNVDA NVIDIA Corporation 177.39 +1.64 (+0.93%)INTC Intel Corporation 50.38 +2.35 (+4.89%)NOK Nokia Oyj 8.82 +0.55 (+6.65%)PLUG Plug Power Inc. 2.4100 +0.1600 (+7.11%)TSLA Tesla, Inc. 360.59 -20.67 (-5.42%)Top economic eventsEarnings eventsMy earnings eventsEarnings events