Bullboard - Stock Discussion Forum Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the... see more

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Athabasca Oil Corp > Tight Supply Sends U.S. East Coast Jet Fuel Price Surging

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Post by Moneyloop on Apr 04, 2022 2:44pm

Tight Supply Sends U.S. East Coast Jet Fuel Price Surging

The U.S. East Coast is currently seeing record high jet fuel prices as the global market of distillates is exceptionally tight after the Russian invasion of Ukraine and the return of air travel after the pandemic.

According to Refinitiv Eikon data cited by Reuters, Europe’s exports of distillates to the U.S. East Coast have slumped by almost 60 percent year over year.

Moreover, America’s own distillate supply is below the seasonal five-year average. Distillate fuel inventories last week were about 16 percent below the five year average for this time of year, the EIA said in its latest weekly petroleum inventory report.

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