12/11/2023 0 Comments Spot stock price todayPlease note that all aspects of the Jet Fuel Price Index methodology and data, including the underlying data, are the intellectual property of S&P Global Platts, a division of S&P Global Commodity Insights. The full detail of the methodology can be found on the S&P Global Platts website. As an example, an index value of 200 reflects a doubling of price since the year 2000. These values are compared with the average spot prices in 2000, similarly weighted by demand during that period, to generate a percentage figure reflecting the overall rise in markets compared to the base period. When a market is not assessed on a particular day, for instance because of a market holiday, the previous working day's spot market price assessment is used.Įach of the individual Platts' assessments is given a weighting by Platts in the regional baskets, based primarily on demand for jet fuel in the region in a similar way, each of the regional indices is given a weighting in the Global Composite Index. Platts Jet Fuel Price Index is published by S&P Global Platts, reflecting its daily assessments of jet fuel spot prices in the physical spot market of relevant regional centers. Methodology for Platts Jet Fuel price index Jet fuel price developments - longer term perspective Taking a look at the price action over the past 24 months Jet fuel production in the region is still healthy with Europe continuing to provide arbitraging opportunities. The Asian market is also seeing lower jet demand due to falling air traffic.For USA, heavy refinery maintenance and lower imports have compensated for the lower demand. For Europe, this has been balanced by lower imports from East of Suez. There has been a general easing of demand heading into the winter season in Europe and USA.Trade power with us in 16 countries and benefit. Jet fuel prices in all regions rose in line with higher oil prices. Nord Pool runs the leading power market in Europe, offering day-ahead and intraday markets to our customers.Easing of US sanctions on Venezuelan crude for six months has done little so far to allay supply risk concerns. Oil prices rose further, driven by fears that an imminent ground invasion of Gaza could spark a wider conflict in oil-producing Middle East.The global average jet fuel price last week increased by 1.9% compared to the week before to $123.46/bbl.
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