Crashing jet fuel meteor points way for oil, gas

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Via Reuters:

Already-battered jet fuel refining margins in Asia may come under further pressure in coming months as global airlines suspend more flights and more passengers cancel travel plans due to the widening spread of the coronavirus.

The Asian jet fuel market has already suffered unprecedented losses this year due to the virus, which has caused dozens of airlines to suspend scores of flights, affecting the travel plans of millions of people.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.