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Something in the air: Jet fuel demand ready for takeoff

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Having lagged a recovery in demand to pre-pandemic levels enjoyed by other fuels, jet fuel appears set finally to take off as more governments make air travel easier.

Global jet fuel demand is languishing 15-20% below 2019 levels, according to analysts, but confidence generated by rising vaccination levels has led to increased passenger flight bookings in recent weeks.

“The vaccination rate continues to increase. So, I don’t see the reason why aviation demand won’t pick up,” a Singapore-based jet fuel trader said.

“I think airlines would definitely like to capture the year-end festive travel demand with the blessings from their governments. Logistics, however, can be a challenge, especially setting up VTL (vaccinated travel lane) flights.”

Within Europe, air travel has risen in recent months, and as COVID restrictions are relaxed further an increasing number of Europeans are booking flights beyond their continent.

Starting Nov. 8, the United States will admit fully vaccinated foreign air travelers from the 26 so-called Schengen countries in Europe, including France, Germany, Italy, Spain, Switzerland and Greece, as well as Britain, Ireland, China, India, South Africa, Iran and Brazil.

Aside from the United States, other countries that have announced plans to lift extraordinary restrictions on international flights include major tourist destination Thailand, Asian travel hub Singapore, and Israel.

European jet fuel demand is at nearly 72% of pre-COVID levels, having grown for a third consecutive week, when in pre-COVID times it would normally experience a seasonal decline, according to data from Rystad Energy.

Northwest European spot cargo jet fuel prices have risen by about 30% since mid-August and were trading at $734.50 a tonne on Nov. 4, according to Reuters assessments. Crack spreads <JET-C-NWE, BFO> have more than doubled to around $12.7 a barrel over the same period.

Profit margins for processing jet fuel in Europe rose to a 2021 high of $13.50 a barrel in mid-October. That margin, also known as a crack spread, was trading at about $12 a barrel on Nov. 3, a four-fold increase from the same time period last year – but it is still below where the crack spread was in 2019.

Looking for signals that demand is truly taking off, traders say they were watching how fast airlines fill seats and add additional flights on international routes.

“Right now there’s still only one non-stop flight from Houston to London … we aren’t currently planning for a huge spike in jet demand yet,” said a senior U.S. refined products trader.

In the United States, consumers are taking more domestic flights, and bookings have increased as the vaccine rollout begins for children aged from 5-11.

At the end of October, consumer spending on U.S. airline carriers exceeded levels reached two years ago for the first time since July, according to Bank of America, which said it could “reflect parents getting more comfortable about traveling during the upcoming holiday season as kids get vaccinated.”

U.S. gasoline and diesel demand is at 99% and 93% of 2019 levels, respectively, according to TPH analysts, while jet fuel is at 80%.

“A combination of increasing vaccinations, reduced travel restrictions and pent-up consumer savings should help jet narrow this gap in the coming quarters,” said TPH analyst Matthew Blair.

U.S. spot jet fuel prices are currently trading at $2.26 per gallon, up 69% from the same time a year ago.

Scheduled global airline seat capacity is 27% below where it was for the same week two years ago and is expected to continue to rise through March, according to aviation data firm OAG.

Lufthansa said new bookings are currently at 80% of 2019 levels, prompted by recovering business bookings and rising demand for long-haul flights, especially to the United States, the German airline’s most important and profitable market.

Despite the rebound in Europe and re-opening in the United States, a majority of international flights in Asia remain grounded. Several East Asian countries still require even vaccinated international travelers to quarantine at their destinations, limiting trips.

Spot jet fuel prices in Singapore, which have gained 21% over the last three months, were at $93.05 per barrel on Wednesday, while the Asian jet fuel crack spreads have risen more than 80% over the same period to almost $13 a barrel.

Tight supplies were also supporting those crack spreads, the Singapore-base trader said.

But, lockdowns have tightened in China, the world’s second-largest economy, where authorities have taken a zero-tolerance approach to COVID-19 despite relatively few cases. Beijing authorities have told residents to refrain from leaving the city, postpone weddings, and cut back non-essential gatherings.

Of the flights scheduled on Wednesday at Beijing Daxing Airport, 60% were canceled as of the morning, and half of the flights at Beijing Capital International Airport were canceled.

(Reporting by Laura Sanicola, Ahmad Ghaddar and Koustav Samanta; Editing by David Gaffen, Simon Cameron-Moore and Daniel Wallis)

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‘Wasn’t as clear as I could have been’: Boissonnault sorry for Indigenous claims

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EDMONTON – Canada’s Employment Minister Randy Boissonnault is apologizing after shifting claims about his Indigenous identity came under scrutiny.

The Liberal member of Parliament said at an unrelated announcement in Edmonton on Friday that he’s sorry he wasn’t as clear as he could have been “with everything that I know now.”

“I apologize that I wasn’t as clear as I could have been about who I am and my family’s history,” he said, adding that he’s still learning about his family’s heritage “in real time.”

Boissonnault has previously referred to himself as “non-status adopted Cree” and said his great-grandmother was a “full-blooded Cree woman.”

He said Friday he’ll have to confirm his great-grandmother’s status, but his mother and brother are citizens of the Métis Nation of Alberta.

“I apologize if that particular way of referring to myself — I apologize that it was inaccurate.”

It comes after the National Post reported that a company co-owned by Boissonnault unsuccessfully bid on two federal contracts in 2020 while identifying itself as Indigenous and Aboriginal-owned.

The government has pledged to award five per cent of its procurement contracts to Indigenous-owned businesses.

Since that story’s publication last week, Boissonnault has said the family he was adopted into has Indigenous ancestry and his adopted mother and brother are status Métis.

Boissonnault said Friday he never claimed any Indigenous status to his business partner, Stephen Anderson.

“Mr. Anderson should never have claimed that on the particular contract application, and no contract was awarded,” he said.

Boissonnault has previously sat as a member of the Liberal Indigenous Caucus, but he said he joined it as an ally representing many Indigenous people in his community.

When asked about the Liberals’ past claims about his Indigenous identity, he said he corrected the party and asked for the descriptions to be changed as soon as he became aware.

“I never asked the party to refer to me as an Indigenous person. I never clicked any box in any form with the Liberal party. I have never put (an) Indigenous claim to any contract or any application in my entire life,” he said.

The Conservative party has said it wants Boissonnault to testify before the ethics committee so he can “answer truthfully for these serious allegations of fraud.”

“This is even more urgent given the new allegations that his company fraudulently claimed to be Indigenous-owned while applying for government contracts,” said Conservative MP Michael Barrett.

This report by The Canadian Press was first published Nov. 15, 2024.

The Canadian Press. All rights reserved.



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Holiday Kindness Challenges: Spreading Joy Online

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The Internet’s most powerful ability is its propensity to spread. This holiday season, amidst the hustle of shopping, party planning, and reflections, let’s use this power to spread joy and generosity. This December, I invite you to transform your social media feeds into a canvas of goodwill, reminding your followers and communities that even small acts of kindness can create waves of joy and inspiration.

Before you dive into creating festive holiday content, it’s crucial to set the stage by updating the aesthetics of your social media profiles to mirror the holiday season. Using Canva (www.canva.com), refresh your banner/cover photo on Facebook, X/Twitter, Instagram, LinkedIn, etc. with holiday-themed images. Change your profile picture to one that captures the festive spirit, such as wearing a Santa hat, standing next to a Christmas tree, or under Christmas lights, or wearing a Christmas sweater.

Once your social media profiles reflect your festive mood, consider the following suggestions to inspire others to get into the holiday spirit.

The 12 Days of Kindness Challenge

The English Christmas carol, “The 12 Days of Christmas,” inspired this suggestion, a “12 Days of Kindness” challenge. Starting 12 days before Christmas, or whenever you want, commit to doing one act of kindness daily. It could be paying for someone’s coffee, leaving a heartfelt note for a neighbour, donating to a local charity, or dropping off baked goods at a senior home. Post pictures of each act on your social media channels with the hashtag #12DaysOfKindness. Encourage your followers and tag your friends to do the same, thereby creating a chain reaction of goodwill that spreads far beyond your immediate circle.

Support Local Charities with a Virtual Fundraiser

Use your social media clout to raise money for a local charity by hosting a virtual fundraiser. Invite your followers and friends to join you in a fun activity, like a virtual trivia night or bake-off. Promote donations to a charity of your choice and share updates on the progress. In addition to building community spirit, promoting local causes demonstrates the power of collective action.

Random Acts of Kindness Bingo

Create a bingo card, which you can use Canva to create, filled with random acts of kindness, such as “compliment a stranger,” “donate clothes,” or “help a neighbour.” Once created, post the card on your social media and invite others to join you in completing the challenges throughout the month. As you check off your squares, share photos or stories of your experiences, tagging friends and followers to keep the momentum going. The visual aspect of a bingo card makes it fun and engaging, encouraging participation.

Gratitude and Kindness Posts

Incorporate gratitude into your kindness initiatives by encouraging your followers to share posts about something they’re thankful for and how they plan to pay it forward. Use a specific hashtag, like #ThankfulAndKind, to unify these posts. As people share their gratitude and commitment to kindness, you’ll create a powerful positivity narrative that inspires others to reflect on their lives and actions.

Acts of Kindness Story Swap

Engage your audience by hosting a ‘kindness story swap.’ Invite your followers to share their stories of kindness—either acts they’ve done or experiences they’ve had. Create a specific day for these stories and use a designated hashtag like #KindnessSwap. By facilitating the sharing of stories and uplifting your followers, you’ll be connecting people and building a sense of community, which is what social media should be used for.

Kindness Challenge Videos

Challenge your followers to create short videos showcasing their acts of kindness. This could include anything from helping a neighbour with groceries to volunteering at a local shelter. Encourage them to tag you and others in their posts using a hashtag like #KindnessChallenge. Sharing video content is an effective way to spread your message while inspiring others to get involved.

Holiday Cards for Seniors

During the holidays, seniors living in retirement homes often feel isolated. Initiate a “Holiday Cards for Seniors” campaign by encouraging your followers to create and send handmade holiday cards to local retirement homes. List several local retirement homes on your social media and encourage your followers to share photos of their card-making. This simple act will not only brighten someone’s day but also foster cross-generational connections.

Kindness knows no boundaries. In addition to spreading joy, social media offers a powerful tool to foster community and encourage acts of kindness. No matter how small, each act of kindness contributes to a larger narrative of compassion, which the world desperately needs more of. Imagine the joy on a senior’s face when they receive a holiday card or the warmth in a neighbour’s heart when they receive a compliment. Creating and hosting these kindness challenges and sharing your acts of kindness experiences—giving and receiving—will enrich your life and strengthen your community.

This December let’s embrace the spirit of kindness—online and offline. Your social media feeds can become a gallery of kindness, with posts and shares illustrating the joys of doing acts of kindness, making this holiday season a time of connection, generosity, and lasting impact.

______________________________________________________________

 

Nick Kossovan, a self-described connoisseur of human psychology, writes about what’s

on his mind from Toronto. You can follow Nick on Twitter and Instagram @NKossovan.

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Blondin makes two trips to the podium as Canada earns three medals at Four Continents

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HACHINOHE, Japan – Ivanie Blondin helped Canada to a team sprint gold medal before picking up an individual bronze Friday as Canada opened the long-track speedskating season with three medals at the ISU Four Continents championships.

Ottawa’s Blondin combined with Carolina Hiller of Prince George, B.C., and Béatrice Lamarche of Quebec City to win the women’s team sprint in a track record time of one minute 27.87 seconds.

Lamarche used the slingshot technique to launch Blondin into the final lap, which helped the trio maintain their speed. While the move worked, Lamarche said it could be improved.

“The slingshot move felt better yesterday in practice, but it was not at high speed. Maybe we looked smooth, but I personally felt weird and rushed throughout the entire process,” Lamarche said. “I’m excited to try it again during the World Cup in China because I think it can be better.”

South Korea was 1.39 seconds off the pace for silver, while Kazakhstan was 2.49 seconds back of the winners to take bronze.

Later, the 34-year-old Blondin took bronze in the women’s 1,500 metres with a time of 1:57.99.

Japan’s Miho Takagi (1:54.86) and China’s Mei Han (1:56.53) took gold and silver, respectively.

“I feel pretty good about my 1,500,” Blondin said. “I was not able to warm down following the team sprint as we went straight to the medal ceremony. By the time that was over I had to put my skin suit on and get back on the ice.”

“I didn’t have the pop that I normally would — but midway through the race I realized things were going well and my legs were actually feeling pretty decent,” she added. “I was happy with the end time.”

Canada reached the podium for a third time as Anders Johnson of Burnaby, B.C., Laurent Dubreuil of Lévis, Que., and Yankun Zhao of Calgary, Alta., finished third in the men’s team sprint.

The United States (1:19.43) and China (1:19.78) finished ahead of Canada, the defending world champion and world record holder in the discipline.

“I think it was a good race for us,” Johnson said. “It was a new setup for our team today and we executed well and skated well. We’re happy with the result and excited to see what comes in the future.”

The championships continue Saturday with Blondin, Dubreuil, Calgary’s Ted-Jan Bloemen, Valérie Maltais of La Baie, Que., and Ottawa’s Isabelle Weidemann looking to add to Canada’s medal total.

This report by The Canadian Press was first published Nov. 15, 2024.

The Canadian Press. All rights reserved.



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