Jet fuel margins hit two-month highs

SINGAPORE: Asian refineries’ profit margins for jet fuel have hit their highest levels in two months as demand for heating oil kerosene picked up before North Asia’s winter, but analysts do not expect margins to fully recover until the coronavirus-hit aviation sector is back to normal.

Singapore jet fuel refining margins, Asia’s benchmark, rose last week to their highest level since late July as regional refineries also cut production, helping to drain excess supply and boost prices.