Chemical Updates

Asia and Middle Eastern Jet Daily Market Analysis / ARA jet fuel, kerosene stocks up 6% WOW / US extends Jones Act waiver for 90 days to boost fuel flows

Aug 12, 2026

The Asian jet fuel/kerosene market saw backwardation continue to soften Aug. 11 amid expectations of ample supply, even as diplomatic efforts to normalize transit through the Strait of Hormuz appeared to have reached an impasse. Jet fuel supply concerns in Asia eased as market participants expect healthy export volumes from South Korea amid the start of the September-loading spot program. the balance-month August- September FOB Singapore jet fuel/kerosene swaps time spread — an indicator of the near-term market outlook — at plus $2.18/barrel at the Aug. 7 Asian close, narrowing from plus $2.60/b on Aug. 6. In midday trading Aug. 11, a broking source pegged the spread at plus $1.80/b. The FOB Singapore jet fuel/ kerosene cargo cash differential narrowed 21 cents/b day over day to plus $1.94/b to the...

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