Jet fuel to move to US base in Turkey, airlines warned of air strikes – Oil

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Airlines operating in the eastern Mediterranean have been warned of potential air strikes in Syria over the next couple of days as a vessel was seen fixed to take jet fuel to the US military sealift command in Turkey.

Europe’s air-traffic control agency Eurocontrol warned on Tuesday of the potential of air-to-ground and/or cruise missiles over a 72-hour period with the possibility of disruption to radio navigation equipment. “Due consideration needs to be taken when planning flight operations in the Eastern Mediterranean”, Eurocontrol said.

As of Wednesday, the Agios Nikolaos IV was moving to Agioi Thedoroi in Greece to load 30,000 mt of jet fuel to take to the US military sealift command in Mersin, Turkey according to market sources.

Some sources in the market were anticipating an increase in military demand for jet fuel as sorties increase. However, another trader was unsure whether the fuel would be jet A1 or JP-8 as used by the US military.

JP-8 differs from A1 slightly, with the former including additional corrosion inhibitors and anti-icing additives. The fuel is also used as a replacement for diesel in ground vehicles and in generators.

The eastern Mediterranean jet market has seen recoveries to demand levels over the last six months, following significant negative impacts caused by ongoing terrorist activities.

In February, Thomas Cook, one of Europe’s largest tour operators, resumed flights to Tunisia for the first time since 2015 when a terrorist attack on a holiday resort resulted in 30 Britons being killed. From 2014 to 2017, Tunisia saw a 66% reduction in its jet fuel demand, according to data from the Joint Organisations Data Initiative.

Over the same period, Egyptian demand fell 36% according to JODI.

Meanwhile, the continuing furor following Saturday’s alleged chemical attack by Syrian government forces — with US President Donald Trump Wednesday tweeting that Russia should “get ready” for missiles to be fired at Syria — showed the potential for increased military activity was only intensifying.

–Caroline Knight, caroline.knight@spglobal.com
–Edited by Maurice Geller, maurice.geller@spglobal.com







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