Hable con nuestros expertos hoy mismo

Regístrese a continuación y personalizaremos una solución que satisfaga sus necesidades específicas. Cuando hable con uno de nuestros expertos, es posible que esté calificado para probar nuestros productos líderes en la industria de forma gratuita.

Puede cancelar su suscripción a estas actualizaciones en cualquier momento. Argus gestiona la información personal de acuerdo con nuestra Política de privacidad.
Generic Hero BannerGeneric Hero Banner
Latest Market News

Sydney Airport passenger traffic rises 3pc in 2025

  • Spanish Market: Oil products
  • 06/02/26

Australia's busiest airport recorded higher passenger transit in 2025 on increased international activity, Sydney airport data released 4 February show.

  • October-December transits of 11.41mn passengers were by 4pc up on the year, driven by a 6pc rise in international travellers.
  • Last year was Sydney's busiest ever for international travel with 17.17mn passengers passing through gates.
  • But the 25.36mn domestic passengers was still down from pre-Covid levels of 27.5mn in 2019. And total passenger numbers in 2025 were 4pc below 2019 figures.
  • Passenger traffic at Australia's Melbourne Airport — the nation's second-busiest — rose by 7pc on the year in 2024 to 35.75mn, but this was 5pc below 2019's 37.45mn.
  • National jet fuel sales leapt 8pc in the first 11 months of 2025 to 172,000 b/d, with November the latest month for which data from Australian Petroleum Statistics are available. The figure was just 160,000 b/d in January-November 2024.
  • Jet fuel sales in New South Wales state, where Sydney airport is located, averaged 57,000 b/d in January-November last year, up from 55,000 b/d in the first 11 months of 2024.

By Tom Major

Sydney Airport passenger traffic
Oct-Dec '25Jul-Sep '25Oct-Dec '24202520242019q-o-q % ±y-o-y % ±2025 vs 2024 % ±
Total11.4110.681142.5441.444.4743
International4.624.284.417.1716.316.9965
Domestic6.796.46.725.3625.127.5621
Source: Sydney Airport

Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

05/03/26

Explainer: Military-grade jet fuel

Explainer: Military-grade jet fuel

London, 5 March (Argus) — In addition to disrupting flows of crude and refined product out of the Mideast Gulf, the war in the Middle East is also likely to trigger an increase in demand for military specification jet-kerosine, a specialist fuel that is only produced and traded in small volumes. What is military-grade jet fuel? There are two main specifications of military jet fuel, JP-5 and JP-8. The latter is Nato-grade aviation kerosine suitable for ground refuelling, and is similar to commercial grade A and A-1 jet fuel, but with certain additives. JP-5 is for refuelling aboard aircraft carriers, because its higher flashpoint — the temperature at which vapours from the fuel would ignite in air when exposed to flame — makes it safer. Who supplies it? For defence and security reasons, very little military-grade jet fuel is traded or exported. The majority goes to militaries of the countries in which it is produced. Global monthly seaborne trade of both grades combined has in recent years only twice topped 100,000t, according to data from trade analytics platforms Kpler and Vortexa. Only a few refiners export these fuels. In Europe, only Motor Oil Hellas' 180,000 b/d Corinth refinery in Greece and Moeve's 244,000 b/d Algeciras refinery in Spain have loaded JP-5 in the past two years. In Asia, South Korea's GS Caltex and SK Energy have exported JP-5 from South Korea, while Eneos has loaded some from Japan. International trade in JP-8 appears even rarer. The most regular trade has involved US refiner Valero, which loaded cargoes from the US Gulf Coast to Israel almost every other month between May 2023 and September 2025. Moeve has loaded some from Algeciras, as has Korean refiner S-Oil from Ulsan. How do trade flows work for military-grade jet fuel? Destination ports for military jet fuel vary greatly, but Israel is by far the largest importer, mainly from the US Gulf Coast. Just ahead of the start of hostilities over Iran, an Israeli firm issued a buy tender last week for military jet fuel, market participants tell Argus . The US procurement of military jet fuel for its forces worldwide is run by the Defense Logistics Agency's energy division, DLA Energy, in Virginia. In Europe, the US can aso rely on the Nato Support and Procurement Agency and the network of pipelines, including the vast Central Europe Pipeline System (CEPS), it developed in the 1950s to ensure fuel supply to military bases and airports. DLA Energy runs four fuel purchase programs — two cover procurement within the US, a third covers its fuel needs in Europe, the Atlantic and the Mediterranean, and a fourth its requirements in the western Pacific. Details on specific supply contracts are limited. GS Caltex sells jet to the US military, company sources say, and Eneos also has military fuel contracts. How could increased demand for military jet fuel affect trade flows? Greater demand for military jet fuel could encourage those refiners capable of producing these grades to increase output at the expense of commercial jet fuel, potentially squeezing that market — although reduced civilian air traffic in the Middle East may offset some of those effects. But logistics could be a problem, given the limited supply options and the threats to shipping in and around the Mideast Gulf. Greece's Corinth refinery could be a source of military jet fuel for the US and Israel, as it is only a few days' sailing time across the eastern Mediterranean and has supplied Israel in the past. But such sailings would be well within range of Iranian missiles and drones, which have this week hit the UK's Akrotiri military base in Cyprus. By Amaar Khan and Leon Wheeler Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Mideast Gulf ports resume operations: Update

05/03/26
05/03/26

Mideast Gulf ports resume operations: Update

Adds Saudi ports' situation in final paragraph Dubai, 5 March (Argus) — Operations at several Mideast Gulf ports have resumed following precautionary shutdowns caused by drone-related incidents linked to the US-Iran war, according to port authorities and operators. Cargo operations between Iraqi ports and regional Gulf ports are continuing normally, while operations through or beyond the strait have been suspended for all types of tankers, the Iraqi port authorities said late on 4 March. Tanker traffic came to a near standstill through the strait of Hormuz following the US and Israeli strikes on Iran on 28 February and Iran's subsequent retaliatory attacks, effectively closing the strategic waterway and halting Iraq's exports. Around 16 or 17 cargo ships are currently waiting in designated areas at Iraq's Umm Qasr North port and Umm Qasr South port, the authorities said, adding that "port work was continuing and procedures had been streamlined". In the UAE, Abu Dhabi's AD Ports Group said all ports and terminals under its cluster, along with related services, continue to operate normally. The group owns and manages 10 ports and terminals across the country including Fujairah Terminals and Zayed port, which were both recently hit by drone strikes that led to precautionary shutdowns. At the Fujairah port, drone strikes on 3 March prompted storage operators to suspend activities and limit staff access, leaving the port open but largely inactive . "While reduced traffic through the strait of Hormuz is expected to lead to fewer vessel calls at Khalifa port, services there will continue uninterrupted," AD Ports said on 4 March. DP World, which operates Jebel Ali port, confirmed that operations have resumed after debris from a drone interception sparked a small fire at the facility. Operations at Kuwait's Shuaiba port are gradually resuming following a precautionary suspension after debris fell near the facility on 28 February, state news agency Kuna reported. At Oman's Salalah port, cargo terminal operations have resumed after a drone incident affected the port on 3 March, according to a notice seen by Argus . Several drones also targeted Oman's Duqm port , with one striking near a fuel storage facility, but it remains unclear whether operations at the port were affected. In Saudi Arabia all ports are operating normally, according to a shipping agent, although ports on the Mideast Gulf coast are only handling domestic calls. By Rithika Krishna Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Iran war could flip oil market into deficit: IEA

05/03/26
05/03/26

Iran war could flip oil market into deficit: IEA

London, 5 March (Argus) — Prolonged supply disruptions triggered by the US–Iran war could flip the global oil market into a deficit, the IEA said on 5 March. The Paris-based energy watchdog said it is monitoring the situation in the Middle East following the outbreak of war on 28 February, including the implications of any sustained disruption to energy flows through the strategic strait of Hormuz. It said the global oil market has been in a significant surplus since the start of 2025 and that it expected global supply to "far exceed demand in 2026". But it warned that a prolonged disruption to supply in the Mideast Gulf "could flip the market into a deficit". Traffic through the strait of Hormuz remains all but paralysed after Iran told vessels at the start of the week that they were not permitted to transit. At least eight commercial ships have since been attacked in waters around the strait. For context, the IEA said an average of 20mn b/d of crude and oil products transited the strait of Hormuz in 2025 — around 25pc of the world's seaborne oil trade. It noted that its member countries hold more than 1.2bn bl of public emergency oil stocks, with a further 600mn bl of industry stocks held under government obligation, which can be released to the market if needed. But the agency warned that any extended loss of output from Qatar's Ras Laffan facility could significantly exacerbate tightness in the global LNG market. Production was shut down there following an attack on 2 March . Ras Laffan produced 112bn m³ of LNG in 2025, along with 300,000 b/d of LPG and 180,000 b/d of condensate. By Gavin Attridge Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Two oil product tankers turn away from Hormuz strait

05/03/26
05/03/26

Two oil product tankers turn away from Hormuz strait

London, 5 March (Argus) — Two out of the three Long Range (LR) tankers that were waiting outside the strait of Hormuz, booked to load oil products from the Mideast Gulf, have turned away last night and set off back into the Arabian Sea. The Clear Stars and the DF Montmartre set off southeast during the night of 4-5 March, Vortexa and Kpler tracking show, and were passing Muscat by dawn. They had both been waiting off Fujairah in the UAE, just outside the strait of Hormuz, since around 1 March. Kpler reports that both were booked to load oil products inside the gulf for journeys to Europe. This leaves only one LR tanker, the Khairpur , waiting outside the strait with a booking to load oil products this week. Kpler reports it has been booked to load from Kuwait for a journey to Pakistan. Israel and the US attacked Iran on 28 February and the latter responded by telling ships they were not permitted to use the strait. At least eight commercial ships have been attacked in the waters around the strait in the days since, including one off Kuwait on the night of 4-5 March . Insurers have cancelled war risk cover for ships on concerns that re-insurers will withdraw cover at short notice , paralysing shipping. US president Donald Trump and treasury secretary Scott Bessent have indicated that the US will take steps to restore energy trade, but the details have not yet clarified. Argus counts another 22 LR tankers already inside the gulf, either already carrying oil products or booked to load them this week . And there are two other LR tankers further out in the Indian Ocean, with bookings to load clean products in the Mideast Gulf this week. Oil product prices have rallied extremely rapidly in the opening days of the war. Jet fuel has been most severely impacted, with a closing premium to crude in Europe of more than $70/bl on 3 and 4 March, the highest on Argus record. Intraday swap trading has been extremely volatile, indicating jet fuel premiums of more than $100/bl against crude on 4 March. Europe relies upon Mideast Gulf exports for roughly half of its jet fuel imports, which means around 15-20pc of its overall demand. Europe's next option will be importing from Asia, but prices there have soared at the same time, as well as freight costs. Apart from jet fuel, the products most physically affected by the disruption of gulf exports will be diesel, naphtha and LPG. By Benedict George Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Mideast Gulf ports resume operations after drone strike

05/03/26
05/03/26

Mideast Gulf ports resume operations after drone strike

Dubai, 5 March (Argus) — Operations at several Mideast Gulf ports have resumed following precautionary shutdowns caused by drone-related incidents linked to the US-Iran war, according to port authorities and operators. Cargo operations between Iraqi ports and regional ports beyond the strait of Hormuz are continuing normally, while operations through or beyond the strait have been suspended for all types of tankers, the Iraqi port authorities said late on 4 March. Tanker traffic came to a near standstill through the strait of Hormuz following the US and Israeli strikes on Iran on 28 February and Iran's subsequent retaliatory attacks, effectively closing the strategic waterway and halting Iraq's exports. Around 16 or 17 cargo ships are currently waiting in designated areas at Iraq's Umm Qasr North port and Umm Qasr South port, the authorities said, adding that "port work was continuing and procedures had been streamlined". In the UAE, Abu Dhabi's AD Ports Group said all ports and terminals under its cluster, along with related services, continue to operate normally. The group owns and manages 10 ports and terminals across the country including Fujairah Terminals and Zayed port, which were both recently hit by drone strikes that led to precautionary shutdowns. At the Fujairah port, drone strikes on 3 March prompted storage operators to suspend activities and limit staff access, leaving the port open but largely inactive . "While reduced traffic through the strait of Hormuz is expected to lead to fewer vessel calls at Khalifa port, services there will continue uninterrupted," AD Ports said on 4 March. DP World, which operates Jebel Ali port, confirmed that operations have resumed after debris from a drone interception sparked a small fire at the facility. Operations at Kuwait's Shuaiba port are gradually resuming following a precautionary suspension after debris fell near the facility on 28 February, state news agency Kuna reported. At Oman's Salalah port, cargo terminal operations have resumed after a drone incident affected the port on 3 March, according to a notice seen by Argus . Several drones also targeted Oman's Duqm port , with one striking near a fuel storage facility, but it remains unclear whether operations at the port were affected. By Rithika Krishna Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Argus Refined Products Outlook

Argus Refined Products Outlook

A comprehensive, 24‑month price forecast for refined oil product markets, delivered in a single, integrated solution.

Argus Specialised Freight

Argus Specialised Freight

Datos, perspectivas y herramientas únicas para ayudar a gestionar los riesgos de flete en los mercados de biocombustibles, materias primas renovables y productos químicos

Argus North American Long-Term Natural Gas Forward Curves 

Independent market valuation tool to support investment and trading decisions on North America Electricity markets

Argus Asphalt Forward Curves

Independent market valuation tool to support investment and trading decisions on Asphalt markets

Argus O.M.R. Fuels

Germany's robust and comprehensive basis for supply contracts
Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more