London, 27 May (Argus) — Jet fuel stocks held in the Antwerp-Rotterdam-Amsterdam area continued to fall after activity on the physical markets picked up.
Jet fuel stocks fell to 751,000t today from 774,000t on 20 May and inventories were 56,000t up from a year ago, according to data from oil consultancy PJK.
There has been a flurry of selling on the jet fuel barge markets, with airlines and traders selling product to make up for the lost demand caused by a volcanic ash cloud. The Icelandic volcano that was responsible for the ash cloud was declared dormant earlier this week, giving some relief to Europe's beleaguered airline sector.
Traders put increasing amounts of product in floating storage after the ash cloud first disrupted flights more than a month ago.
Send comments to feedback@argusmedia.com
eg/wj 2.1
If you would like to review other ArgusMedia.com content options, request more information about Argus' energy news, data and analysis services.
Copyright © 2010 Argus Media Ltd - www.ArgusMedia.com - All rights reserved.
