ジェット燃料
概要
原油価格、精製能力による供給問題、継続的な規制変更などジェット燃料市場の変動は、お客様の収益にとって継続的なリスクです。
燃料価格の選択肢を持つことは、リスクを軽減し、市場の変化への柔軟な対応に不可欠です。アーガス は、各市場に適した方法で価格インデックスを構築しています。これにより、市場参加者は日々の業務を調整し、燃料コストの管理を改善し、純利益に直接影響を与えることができます。
ジェット燃料は航空会社の総運航費の40％以上を占めます。政府の義務付けや航空会社の自主規制により、持続可能な航空燃料（SAF）の重要性が高まっており、運航コストに大きな影響を及ぼしています。
アーガスは、従来のジェット燃料とSAFの価格アセスメントと取引情報、最新の市場動向ニュース、詳細分析、需要動向、価格予測により、ジェット燃料市場参加者の皆様の最善の意思決定、戦略最適化をサポートします。
Latest jet fuel news
Browse the latest market moving news on the global jet fuel industry.
European jet fuel doubles crude price due to war
European jet fuel doubles crude price due to war
London, 5 March (Argus) — Jet fuel in northwest Europe traded at more than twice the prices of North Sea crude on 5 March, extending its record premium for a third consecutive day, as the war in the Mideast Gulf causes extreme volatility the jet fuel market. Cif northwest European jet fuel held an $87.96/bl premium to the North Sea Dated benchmark crude basket and a $90.97/bl premium to front-month Ice Brent futures on Thursday, Argus assessments show. North Sea Dated and front-month Ice Brent futures were assessed at $87.74/bl and $84.73/bl, respectively. Premiums to crude — also known as refining margins or cracks — hit what was then a record high of over $70/bl on 3 March , before volatility in the market deepened on Wednesday . Price visibility collapsed on Thursday , with market participants unable to agree on levels because of the volatility, they said. Jet fuel cracks in Europe are now more than 200pc higher on the month and over 350pc higher on the year. Even though broader product supply has come under threat because of the war in the Mideast Gulf, jet fuel prices have taken off in a manner like never before, market participants said. For comparison, jet fuel roughly holds a $25/bl premium to diesel at the moment — it was trading at around a $2-4/bl premium to diesel last week, and at a discount this time last year. The Mideast Gulf accounts for more than 50pc of Europe's jet fuel imports, Kpler and Vortexa data show, while Europe has become structurally tighter on jet fuel supply. No jet fuel has passed through the strait of Hormuz, which Iran claims to have shut, since the war broke out on 28 February. At least two tankers that were set to load in the region have since turned away . Refineries are likely maximising jet fuel output because of the situation and wide margins, market participants believe, although this will not be enough to replace Mideast Gulf supply. But they stressed that jet fuel values have completely detached from fundamentals. Although they were reluctant to make short-term forecasts on the jet fuel market given the volatility, they agreed that values will rapidly drop if the conflict de-escalates. By Amaar Khan Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Iran war collapses visibility in European jet market
Iran war collapses visibility in European jet market
London, 5 March (Argus) — Extreme volatility triggered by the war in the Mideast Gulf has collapsed price visibility in the European jet fuel market, leaving participants unable to agree on price levels, traders told Argus at Thursday's close. "No one knows" what level to trade jet fuel in Europe because the paper market is moving too quickly, one European trader said. Another described the market as "stupidly wild" and "incredibly unclear". Two traders said over-the-counter liquidity still appears robust, but bid-offer ranges had blown out, creating large intraday discrepancies in swap values. Argus received March jet swap indications between $280/t and $450/t on Thursday. Argus assessed the March swap at a $330/t premium to front-month Ice gasoil futures, up by $50/t from the previous close, based on market indications. Jet swaps have been breaking records since Tuesday. Several other jet spreads are also at all-time highs. Jet fuel is trading at more than twice the price of Ice Brent and over $20/bl above diesel. The conflict is threatening supply routes and disrupting tanker movements, putting up to 50pc of European jet supply at risk. Even so, traders say jet values have broken away from fundamentals, with many describing the market as "crazy". By Amaar Khan Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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 also 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.
No tankers crossed Hormuz on 3 March: JMIC
No tankers crossed Hormuz on 3 March: JMIC
New York, 4 March (Argus) — There was no tanker traffic through the strait of Hormuz on 3 March, the fourth day of fighting between the US, Israel and Iran, due to threats of attacks from Iran and satellite jamming, according to global maritime security partnership Joint Maritime Information Center (JMIC). That total on Tuesday compares to 50 tankers on 28 February, the first day of fighting, and three tankers each on 1 and 2 March, according to the JMIC in a notice shared by the United Kingdom Maritime Trade Operations. Cargo ship traffic dropped to only a single vessel on 3 March from 98 on 28 February, 18 on 1 March and seven on 2 March. The historical daily average for all vessels through the strait is about 138 ships, JMIC said. The notice, which was published by JMIC at about 12:27pm ET on 4 March, included four vessels in a list of confirmed vessel incidents from the "approximately past 24 hours". The containership Safeen Prestige was the only vessel with damage the JMIC did not describe as "minimal" and the only vessel that was located within the strait of Hormuz at the time of its incident. The Gold Oak dry bulker, anchored near Fujairah, sustained minimal damage. The tanker Libra Trade r also sustained minimal damage 10 nautical miles off the coast of UAE. "US and Israeli-affiliated or flagged vessels are advised to minimize time spent pier-side or at anchor within high-risk zones to reduce vulnerability of targeting," JMIC said. "Maintaining movement and avoiding predictable patterns remains critical for mitigating the risk of targeting strikes or collateral damage." Vessel tracking data and navigational tools within the region will likely become increasingly unreliable in the days to come with significant Global Navigation Satellite System jamming underway throughout the strait of Hormuz, Gulf of Oman and the Arabian Gulf, according to JMIC. "Observed impacts include positional offsets, Automatic Identification System anomalies and intermittent signal degradation," JMIC said. By Ross Griffith Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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