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.
US naphtha displaces Russian flows to Venezuela
US naphtha displaces Russian flows to Venezuela
New York, 28 January (Argus) — Naphtha shipments to Venezuela loading in January have come entirely from US Gulf coast suppliers, reversing the previous Russia-dominated trade for the diluent needed to transport Venezuelan crude after US intervention. Ports in Houston, Beaumont and Corpus Christi, Texas, have shipped between 970,000-1.22mn bl of naphtha to Venezuela so far this month, according to Kpler and Vortexa data, compared to 560,000-1.21mn bl for the last three months of 2025, when Chevron was the only oil major with a US government waiver to trade with Venezuela. Vitol has joined commodity trader Trafigura in this naphtha trade, after the US physically removed Venezuelan president Nicolas Maduro from power and cracked down on sanctioned vessel shipments to and from the country, cutting the primarily Russian flow of the diluent to Venezuela. Since 2023 Venezuela has been the importer for the majority of Caribbean-bound naphtha, and was typically the second-largest buyer of US Gulf coast naphtha, before the US government removed sanctions waivers in May 2025. Buyers in the country primarily import naphtha on long range 1 (LR1) tankers, while the US Gulf coast spot market for refined product shipments is typically dominated by medium range (MR) tankers. Rising Venezuelan demand could spur additional LR1 demand from the US Gulf coast, which primarily trades as a backhaul for more liquid LR1 markets in deeper Pacific basin ports, especially for Mideast Gulf loadings. This could also affect the MR tanker market as other Caribbean naphtha buyers look to stock up ahead of further Venezuelan demand. Chevron sought an MR tanker for a US Gulf coast-Caribbean voyage on 27 January to load naphtha between 30 January and 1 February. A charterer later fixed at least one Caribbean-bound MR tanker at a $900,000 lumpsum on the same day, a 44pc jump in the voyage rate from the $625,000 lumpsum at the end of the trading day on 23 January. It is unclear if the second cargo was naphtha or another refined product. Naphtha spot participants unimpressed A swift rise in N+A naphtha prices on the US Gulf coast opened the arbitrage to the region, following the new supply agreement between the US and Venezuela. Differentials for heavy naphtha, the primary grade use as a Venezuelan diluent, shot up by more than 10¢/USG just before the first US naphtha shipment in early January. By mid-January, N+A naphtha differentials gave up all the gains. Selling interest for US Gulf coast naphtha diminished following the open arbitrage, potentially setting a precedent that sellers wanted to avoid in an already long market. A cargo of naphtha from Huelva, Spain, was booked for the US Gulf coast on 13 January with an estimated arrival of 3 February, shipping reports show. This supported the view that the naphtha arbitrage to the US Gulf coast was open. The Huelva cargo was reportedly suitable for blending to the Venezuelan diluent naphtha specification, but this was not confirmed. The Venezuelan diluent naphtha specification was roughly gauged as 70pc heavy naphtha and about 20-30pc lighter naphtha. Increased Venezuelan production in the longer run is not entirely bullish for US naphtha markets. Before Venezuelan production slowed during the regime of former president Hugo Chavez, Venezuela actively exported light naphtha from Jose and Las Salinas, primarily to the US Atlantic coast. Increased Venezuelan rates would also elevate naphtha production, which could diminish appetite for US naphtha imports and displace US naphtha market share globally. By Ross Griffith and Daphne Tan Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Australia’s Melbourne Airport sets Dec passenger record
Australia’s Melbourne Airport sets Dec passenger record
Sydney, 14 January (Argus) — Melbourne, Australia's second busiest airport, recorded its highest-ever monthly passenger numbers in December as air travel continues to drive growth in the nation's jet fuel sales. The airport in Victoria state reported 3.42mn passengers used the facility in December, with figures for October-December 2025 rising 5pc from a year earlier ( see table ). Melbourne's record month also saw its international terminal handle 5,596 services in December, accommodating a total 1.22mn passengers. New international services were launched by airlines including the US' Delta, Hong Kong Airlines and China's Shenzhen Airlines for the first time during December. Year-to-date numbers for Melbourne Airport's fiscal year ending 30 June 2026 were up by 4pc on the prior year for the first half, at 19.13mn passengers compared with 18.34mn in the corresponding period of 2024. Passenger traffic reached 36.15mn in Melbourne's 2024-25 fiscal year, up from 35.13mn in 2023-24, records show. Jet fuel sales in Victoria hit 51,000 b/d in October 2025 — the latest month for which Australian Petroleum Statistics data is available — up from 43,000 b/d a year earlier. Australia's year-to-date imports of jet fuel were 139,000 b/d in January-October 2025 , up from 127,000 b/d a year earlier. By Tom Major Melbourne Airport passenger numbers (mn) Oct-Dec '25 Jul-Sep '25 Oct-Dec '24 1H FY26 1H FY25 q-o-q % ± y-o-y % ± FY25 Vs FY26 Total 9.88 9.25 9.41 19.13 18.34 7 5 4 International 3.27 3 3.07 6.27 5.98 9 7 5 Domestic 6.6 6.25 6.34 12.86 12.36 6 4 4 Source: Melbourne Airport Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Indonesian pres inaugurates Balikpapan refinery:Correct
Indonesian pres inaugurates Balikpapan refinery:Correct
Corrects headline to clarify this was an inauguration, not the unit's startup Singapore, 12 January (Argus) — Indonesia's president Prabowo has inaugurated the Balikpapan Refinery Development Master Plan (RDMP) project, according to the country's energy ministry. The upgrade is planned to raise the refinery's capacity to 360,000 b/d from 260,000 b/d and added a new 90,000 b/d RFCC unit. Product quality will also improve from Euro 2 to Euro 5 standards. The refinery is expected to begin operations in the first-quarter, said sources familiar with the matter. Pertamina has invested 120 trillion rupiah ($7.4bn) in the project. The RFCC start-up coupled with the adoption of E10 blending is expected to cut Indonesia's gasoline import requirements, capping regional gasoline crack spreads, traders said. Indonesia is Asia-Pacific's largest gasoline importer, with typical demand at 10mn-11mn bl/month. At full capacity, the RFCC could cut imports by around 40,000 b/d, analysts said. Indonesia may also see a diesel surplus when it implements mandatory 50pc biodiesel (B50) blending and ramps up Balikpapan output, the country's energy minister Bahlil Lahadalia said in November. The start-up will also reduce exports of low-sulphur waxy residue, which will be used as RFCC feedstock. The refinery may instead export slurry or residual RFCC material, although this could be used for domestic bunkering if volumes are small, a source close to operations said. The inauguration was initially scheduled for 10 November but was delayed, traders said. By Aldric Chew Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
European diesel market structure flips to contango
European diesel market structure flips to contango
London, 8 January (Argus) — The European diesel market has shifted into a contango structure for the first time in over a year, indicating that supply in the market is currently ample during a seasonally weak period for demand. Front-month Ice January gasoil futures fell to a 25¢/t discount to the second-month February futures by the market close today, falling from a 50¢/t premium the day before. The European diesel market was last in contango — where prompt prices are lower than forward prices — in October 2024. The backwardated structure in futures — where prompt prices are higher than forward prices — narrowed steadily from early December, after reaching a peak in mid-November. Strong supply has weighed on the value of front-month futures this year, particularly from high imports expected from the US, according to one European analyst. Around 450,000t of diesel and other gasoil departed the US for Europe in the week to 2 January, and a further 525,000t has departed since then, according to Vortexa. Both volumes were the highest on the route since June last year. About 1.86mn t unloaded in the EU and UK from the Middle East in December, a seven-month high. The well-supplied market has come at a seasonally low period for regional diesel demand — January and February are normally the weakest months for European road fuel demand. January futures expire on 12 January, which may have also driven the front-month value down, according to a European trader. Traders closing their long positions in January futures before expiry would weigh on prices. The second-month and third-month futures remain backwardated, with February futures settling at a $2.50/t premium to March. Current cold weather in Europe — forecast to get colder still — should provide some support for gasoil futures. By Josh Michalowski Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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