Jet fuel demand is picking up, according to a senior refining executive, which could give refiners some hope after the global pandemic boosted distillate inventories and sank margins. Refiners have been mixing jet fuel into diesel inventories for the last several months, since they have been unable to sell the product due to the sharp decline in air travel. “Jet fuel demand numbers are starting to improve and show signs of life, allowing refiners to drop less jet into diesel which will eventually provide well-needed relief on distillate stock,” said Joe Israel, chief executive officer of Par Pacific, a West Coast ... (full story)