Asia Fuel Premiums Hit Multiyear Highs on Supply Risks
Asian fuel markets surged on Monday as traders weighed potential supply disruptions in the Middle East. Jet fuel and diesel premiums reached their highest levels since 2022 as European buyers looked toward Asia for replacement cargoes.
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Cash premiums for jet fuel and diesel in the Asian market surged to multi-year highs on Monday as traders reacted to escalating geopolitical tensions in the Middle East. The market is currently pricing in significant risks of supply disruptions as regional conflicts widen, impacting key shipping routes.
