Jet fuel
Overview
Jet fuel market volatility, whether from crude prices, supply issues from refining capacity, or ongoing regulation changes, is a continual risk to your bottom line.
Having a choice in fuel pricing is the best way to mitigate risk and stay on top of market changes. Argus constructs price indexation in a way that is appropriate for each market. By doing so, market participants can align their day-to-day operations, improve management of fuel costs and directly impact their net earnings.
Jet fuel makes up more than 40% of an airline’s total operating expense. The rise in importance of sustainable aviation fuel (SAF) from government mandates and self-regulations from airlines has a direct implication on these operating costs.
Argus helps the jet fuel market participants to make informed decisions and optimize their strategies with price assessments and information on deals done for conventional jet fuel and SAF, as well as the latest market-moving news, in-depth analysis, supply and demand dynamics, and price forecasts.
Latest jet fuel news
Browse the latest market moving news on the global jet fuel industry.
TotalEnergies delays, cuts size of Grandpuits HVO
TotalEnergies delays, cuts size of Grandpuits HVO
Barcelona, 20 March (Argus) — TotalEnergies is delaying the start up of its Grandpuits hydrotreated vegetable oil (HVO) plant, and is planning to reduce the plant's proposed capacity. TotalEnergies confirmed the planned 400,000 t/yr HVO and HVO jet fuel (SAF) plant, near Paris, will not start in 2025 as previously outlined. Instead, a first phase of 210,000t of SAF output is slated to begin operations "early in 2026." TotalEnergies said there will then be a second phase of 75,000t, which will start at an unspecified point in 2027, giving 285,000 t/yr. If all production is SAF this would be equivalent to around 6,155 b/d. The CGT union said its members at Grandpuits downed tools for 24 hours yesterday, 19 March, as a result of the company's announcement. Workers say they have been promised a meeting with management in mid-April, and there does not appear to be industrial action at the site today. TotalEnergies halted crude distillation at the 93,000 b/d Grandpuits four years ago . The transformation includes a 10,000 t/yr plastics recycling unit. It said 1,200 workers are on site to undertake the conversion and this will result in 250 full time posts on completion. This is consistent with previous plans . The delay and reduction in size at Grandpuits does appear to confound targets for TotalEnergies' HVO and SAF output previously laid out by chief executive Patrick Pouyanne . The company operates a 500,000 t/yr HVO and SAF plant at La Mede, near the port of Fos-Lavera. A Grandpuits worker said management has indicated the company will look to purchase HVO and SAF, in order to honour contractual obligations. By Adam Porter Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
UK tanker collision spilt 17,500 bl of jet fuel
UK tanker collision spilt 17,500 bl of jet fuel
London, 17 March (Argus) — A collision earlier this month between a cargo ship and an oil tanker in the UK North Sea released less than 10pc of the latter's cargo, its management company said. The Stena Immaculate was at anchor carrying 220,000 bl of jet fuel for the US military when it was hit by the Solong on 10 March. Both ships caught fire, and one mariner remains unaccounted for and is presumed dead. US-based management company Crowley said 17,500 bl of jet fuel were lost. It said the actions of the crew prevented any further damage. There have been no oil slick sightings, suggesting all that entered the water was burned off, although the UK coastguard said plastic nurdles spotted south of the accident probably entered the water at the time of the collision. A nurdle clean-up operation is under way. The fires took most of the week to bring under control. The UK marine accident investigation body has opened an investigation, and UK police have charged the Solong's captain with gross negligence manslaughter. By Ben Winkley Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
US SAF projects will be protected: United Airlines
US SAF projects will be protected: United Airlines
Houston, 10 March (Argus) — US sustainable aviation fuel (SAF) projects will move forward despite the US administration pushing back against earlier legislation that supports renewables, the head of United Airlines said today. SAF has bipartisan support in Congress and at the state level and is likely to be protected, United chief executive Scott Kirby said at the CERAWeek by S&P Global conference in Houston, Texas. Electrification is not practical in large scale aviation and hydrogen has a different set of problems, leaving SAF as the better option, Kirby said. The US has provided strong incentives to develop SAF under laws passed during the administration of former-president Joe Biden and will likely produce enough to export to Europe to help that continent meet aggressive targets. US president Donald Trump issued an executive order upon taking office which paused all disbursements of funds appropriated through the Inflation Reduction Act (IRA) passed in 2022 and a complementary infrastructure law passed in 2021. The order called for ending the "Green New Deal", echoing language he used on the campaign trail when criticizing the IRA. Trump said the funding should be held back until federal agencies "review their processes, policies and programs for issuing grants, loans, contracts or any other financial disbursements" to ensure they fit with policy objectives. United announced in December that it agreed to buy SAF from Phillips 66's Rodeo facility in northern California as soon as the product came online. The airline inked a similar deal with Neste last year for SAF as it continues to take advantage of the Illinois SAF buyers' tax credit in supplying its major hub at Chicago's O'Hare International Airport. Other US independent refiners have recently announced that SAF projects are advancing. Specialty refiner Calumet said last month that a project to expand SAF production in Montana is moving forward after it received an initial $782mn loan from the US Department of Energy (DOE). The funding is the first portion of a $1.44bn loan from the DOE that will allow Calumet subsidiary Montana Renewables to expand operations at its Great Falls, Montana, biofuel plant. The loan was paused temporarily earlier this year as the Trump administration conducted a review to confirm "alignment with White House priorities." Another US independent refiner, Par Pacific, said it is seeing strong interest in its planned renewable fuels facility at its 94,000 b/d Kapolei, Hawaii, refinery. The $90mn project, which will produce SAF and other products, is on schedule to start up in the second-half of 2025, Par Pacific said. Meanwhile, US independent refiner Valero said recently that its project to produce up to 15,000 b/d of SAF at its refinery in Port Arthur, Texas, is fully operational. The project allows the plant, jointly owned with Diamond Green Diesel (DGD), to upgrade up to 50pc of its 31,000 b/d renewable diesel refining capacity to SAF. By Eunice Bridges Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Tanker and cargo vessel collide in North Sea: Update
Tanker and cargo vessel collide in North Sea: Update
Adds details from tanker management London, 10 March (Argus) — An oil tanker and a container vessel are on fire in the UK North Sea after colliding earlier today, the UK coastguard said. Shiptracking data appear to show the US-flagged Medium Range (MR) tanker Stena Immaculate was at anchor when it was hit by Portuguese-flagged container vessel Solong. The Stena Immaculate's manager, US-based logistics company Crowley, said the incident resulted in a ruptured cargo tank containing jet fuel. It said all its employees on board are safe and accounted for. Market sources told Argus that the tanker was likely carrying jet fuel and diesel. Vortexa data show the tanker was on route to the UK's port of Immingham on the east coast of England, from the Greek port of Agioi Theodoroi. The Solong was plying a route from the east coast of Scotland to Rotterdam, according to vessel tracking data. "The incident remains ongoing and an assessment of the likely counter pollution response required is being enacted," the coastguard said. By Rhys van Dinther Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Spotlight content
Browse the latest thought leadership produced by our global team of experts.
Explore our jet fuel products
Key price assessments
Argus prices are recognised by the market as trusted and reliable indicators of the real market value. Explore some of our most widely used and relevant price assessments.
