Fuel cargo deliveries were on a slightly firmer basis as the summer season approached and the demand for jet fuel in Europe grew. At the beginning of May, the jet kero market was well balanced, and the rest of Europe was stabilized and ready to cover the high demand over the summer season. However, in the middle of May, a strike hit the French refineries and this resulted in market supply being tightened considerably. It was reported that Total borrowed jet fuel from the French military as well as from strategic stocks to keep the internal market supplied. Jet fuel cargoes were also moved from the Arabian Gulf to keep the French market adequately supplied. The strike which affected the French pipeline system that supplies most of France’s major airports was announced to continue until the end of the first week of the June. This saw the CIF NWE price move upwards from 399 USD/ton to 479 USD/ton.
In the first week of June, the pipeline system continued to provide adequate supplies to the European Market, but France still faced difficulties accessing jet fuel. There were discussions of supplies coming from RTM (Rotterdam) into the French market to keep the supply from ARA unchanged. The flow of the jet fuel from ARA was still making its way along the pipeline to major French airports, which caused the price to drop by 8 USD/ton. Another French ATC strike saw many flights canceled, and also meant planes were filling up at alternate airports, so the loss of demand in France was replaced by higher demand elsewhere. For example, the UK ordered 160’000 MT from the Arabian Gulf to cover the summer season and any other similar occurrences to that in France. This brought the price to 481USD/ton from 467USD/ton.
In the Mediterranean, demand is currently being met by domestic supply and some imports from North Africa and the Arabian Gulf. Barges coming from the Arabic Gulf are pushing the price of the European jet market down to 445USD/ton – the lowest price since May 23rd. There is confusion about demand for jet fuel in Europe, especially as the tanks across the continent are well stocked for the summer peak. It’s expected that European prices will keep dropping until the end of the June as the demand is lower than previous months.
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Henry Duke LeDuc | - 12/13/2017
Mitch Launius
Instructor Pilot for 30 West IP
Mitch is the CEO of 30 West IP where he is also an instructor providing pilot training on international procedures. With an illustrious career of over 34 years in the cockpit, Mitch has acquired over 13,000 hours of flight time flying worldwide, with over 9,000 hours of this in Challenger and Gulfstream aircraft. He is an experienced safety officer and was also an IS-BAO project manager for a fortune 500 flight department. He has presented on Safety and Operations topics at the NBAA International Operators Conference and the Canadian Business Aviation Association Convention and is currently on the NBAA International Operators Committee and serves as the North Atlantic Regional Lead. Mitch is also a member of an FAA working group on General Aviation International Authorizations and Tabletop Exercises (GIATE). He was recently selected to represent IBAC as a member of the ICAO Personal Training and Licensing Panel (PTLP) and was also recently named as a 2020 recipient of the NBAA Tony Kern Professionalism in Aviation Award for his contribution to the business aviation community.
Henry ‘Duke’ LeDuc
Director Of Operations, Americas, UAS International Trip Support
Duke has been a dearly respected member of UAS Americas team and the UAS global family for more than five years. A safety-oriented, FAA-licensed aircraft dispatcher, he oversees all of the operations of the elite UAS Operations Team. With twenty-five years of experience in aviation overall with more than fifteen years of experience in international flight planning and VVIP trip coordination, he is responsible for the development of the dispatch training program and involved in the strategic development of UAS Americas. With a myriad of rich aviation experience behind him, he has extensive experience in worldwide operations with both corporate and charter environments, including seven years as Operations/Dispatch Manager in an industry-leading, Fortune 500, IS-BAO Stage III Certified corporate flight department. Duke is frequently asked shares his knowledge at major industry events and is currently serving on the NBAA’s International Operators Conference (IOC) Planning Committee.
Dudley King
President and Founder, FlightBridge
Dudley is the Founder and President of FlightBridge, which he established in 2011 and has been focused on technology solutions for the private aviation industry since 2006. Since he graduated from Dartmouth in 1988, he has worked with an array of companies listed anywhere from VentureWire to the Fortune 100. A rare blend of executive, entrepreneur, and consultant, Dudley’s executive roles have included acting CIO positions for several companies and tech advisory services to CEOs trying to rebuild their technology organizations or looking for an external, professional point of view. Highly skilled at deeply understanding his customer’s business challenges and drawing from a long and varied experience in information technology services, Dudley excels at designing technology solutions to solve their problems.
Dr. Paulo Alves
Global Medical Director, Aviation Health, Medaire
Paulo has extensive experience in medical advisory in the aviation industry. As a cardiologist, he provides technical guidance and analysis for MedAire’s MedLink medical advisory service and is MedAire’s liaison with civil aviation regulators and industry associations. Paulo worked with Varig Brazilian Airlines for 23 years, 10 of which were spent as General Medical Manager. A member of the MedAire Medical Advisory Board, Paulo is also President of the Ibero-American Aerospace Medical Association, a member of the International Academy of Aerospace Medicine, a member of the National Business Aviation Association (NBAA) Safety Committee, a Fellow of the Aerospace Medical Association (AsMA), and a Fellow of the Civil Aviation Medical Association. Throughout his illustrious career, Paulo has held industry leadership roles including Chairperson of the AsMA’s Air Transport Medicine Committee, President of the Airlines Medical Directors Association, President of the Brazilian Society of Aerospace Medicine and was a member of the IATA Medical Advisory Group from 2002 to 2006.
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