Yahoo Finance | EN590 Commodities
EN590 Commodities GroupEN590 / Diesel 2026-07-26T21:00:00+00:00
U.S. airlines are grappling with soaring jet fuel costs again after the return of hostilities in the Middle East shattered the three-week-long U.S.-Iran 'deal to make a deal' and sentBrent crude oil pricessoaring past $100 per barrel again. The U.S. jet fuel market has been tightening since March, although there haven't been concerns about any shortages in America, unlike in Europe, which in April was supposed to run out of stockpiles within six weeks. Europe didn't see shortages, but the global markets tightened, and prices spiked amid peak seasonal demand during the summer holiday travel. U.S. jet fuel exports, and exports of all other fuels including gasoline and diesel,hit record highsthis month as refining margins soared with crude supply still constrained at the Strait of Hormuz. The
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.