RE: Brent crude dow to $90.03. Looks like the25 Oct 2022 12:43
Spot on EC.
Out of 1 barrel of oil (159+/-Liters) refined, 72L is petrol, 39/40L is diesel, about 10% of the barrel of oil is kerosene (aviation fuel).
The rest is petro-chemicals.
The refined petrol stay constant, there is an overlap between diesel and kerosene, if they need to refine more kerosene due to demand then they refine less diesel. Demand dictates how much gets refined. As jet travel has increased so demand has, therefore they probably increased refining of kerosene thus reducing diesel and we see diesel price at the pump increase.
This is a problem due to the Arabs cutting production, trying to push up price of oil. And Europe gets most of it's diesel from Russia, so in Europe, we have a problem.
When and if oil prices come down it would benefit both airlines and logistics (and of course diesel car drivers) but only if they increase output.