IATA reports jet fuel cost at 276.21 cents/gal on February 16, 2024. Prices increased 1.2% weekly and 6.6% monthly. NBAA reports average excise tax of 21.9 cents per gallon
Onyx is the leading liquidity provider for oil derivatives market. Flux platform provides low-latency trading and live price streaming. Company offers comprehensive risk management solutions through Eagle
Tankers transport crude oil, refined products, chemicals, wine and vegetable oils. Independent tanker owners control 79% of world tanker tonnage (2015). Tanker market is highly competitive with free entry and exit. Market information is widely available through shipbroking companies
Price Cap Coalition imposed USD60/barrel cap on Russian crude oil. Premium petroleum products capped at USD100/barrel. Discount petroleum products capped at USD45/barrel. Scheme took effect December 2022 for crude oil, February 2023 for petroleum products
Global energy demand grew 2.9%, fastest since 2010. Carbon emissions increased 2.0%, fastest for seven years. Weather-related effects drove most energy growth in 2018. China, US and India accounted for over two-thirds of global demand increase
API gravity measures crude oil's density relative to water. Higher API gravity indicates lighter, less dense crude oil. Calculated using specific gravity at 60F formula