Liquidity returns to Singapore jet fuel futures market throughout 2023

Amid increased flight capacity and geopolitical risks, the Singapore jet fuel futures market picked up throughout 2023 as airlines boosted hedging fuel costs. However, expert analysis by Platts (part of S&P Global) has indicated that structural changes to airline operations and ongoing supply chain uses are likely to limit the remit of hedging programmes in the years to come. Total open interest in the Singapore jet fuel contract from January to November on the Intercontinental Exchange surged 74.3% to some 368.96 million barrels, according to ICE data. Total interest in the contract from the 13th to the 24th month over