What it is
A kerosene refined to strict standards for aircraft turbines. A refinery makes it from the same part of the barrel as diesel, so the two compete for supply.
How it is usually quoted
US dollars per barrel in Asia, US dollars per tonne in Europe and US cents per gallon in the United States.
This is the customary unit of the reference market. Other markets for the same commodity may use another unit or currency, and an exchange can change a contract’s terms: its own rulebook is the authority.
Where the reference contract trades
Priced mostly from published assessments and over-the-counter swaps, not from one leading futures contract.
Named for orientation only. Naming an exchange or a market here does not mean that GIO4X gives access to it.
What commonly moves it
- The amount of air travel
- The price of crude oil
- How refineries divide their output between jet fuel and diesel
- The holiday seasons
These are the things people who follow this market usually watch. They explain how the market works; they do not say what the price will do next.
Where it comes from
Refined wherever there are refineries. The Middle East, India, South Korea and the US Gulf Coast are large exporters.
The order of producers changes from year to year, so no quantities or shares are given here.
At GIO4X
Jet fuel is not offered as a GIO4X instrument. This page is general education about a market that exists elsewhere, and nothing on it means that GIO4X quotes, trades or gives access to it.
The commodities GIO4X does list are Brent crude, gold, natural gas, palladium, platinum, silver and WTI crude.
Words worth knowing
A reference page. Educational information, not investment advice or a recommendation to trade. It gives no price and no forecast.