Singapore jet fuel Q2-Q3 spread narrows 72% as China lockdowns stoke demand woes

Singapore second-third quarter jet fuel/kerosene swap spread narrowed sharply by 72.42% on the week to $5.43/b at the Asian close March 16, as coronavirus-led lockdowns raised worries about a potential slowdown in China, the world’s largest importer of crude. The Q2-Q3 jet fuel/kerosene derivative spread — an indication of near-term sentiment — was assessed at $5.43/b at the 0830 GMT…