Asian Jet Fuel Trend: Singapore Swaps

Asia and Middle Eastern Jet Daily Market Analysis / India raises jet fuel prices; scheduled domestic airlines to bear only part of hike / Platts Singapore MOC jet fuel/kerosene cargo trades rise nearly 24% in March

Jun 02, 2026

The Asian jet fuel/kerosene complex eased on April 1 amid hopes of a de-escalation in the Middle East war. At a March 31 press briefing in the Oval Office, US President Donald Trump told reporters that Washington could end its military campaign against Tehran and withdraw “within two weeks, maybe three weeks.” He added that reaching a deal with Iran is not a prerequisite for the Trump administration to wind down its operations in the Middle East. At the 0830 GMT Asian close on March 31, the balance-month April-May FOB Singapore jet fuel/kerosene swaps time spread — an indicator of near-term market sentiment — at plus $39.00/b, down $6.49/b day over day. Tracking the decline, the FOB Singapore jet fuel/ kerosene cargo cash differential narrowed $6.36/b day over day from...

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