Volcanic ash clogs up Europe jet fuel market
European jet fuel traders are hoping for heavy rain to clear the skies of volcanic ash, after a loss of demand for a day and a half looks set to impact on prices and logistics.
A volcanic eruption in Iceland which began in March has been pumping plumes of ash several kilometres in the air across Europe since Wednesday, grounding flights all over the region.
"We have to wait on conditions at the moment, but we need to have heavy rain to get rid of the ash in the skies," said one trader based in Germany.
The impact on the jet fuel market is already being felt logistically
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