European jet fuel purchases are set to reach the highest levels in more than a year as the London Olympics and Euro 2012 soccer tournament boost travel during the summer months just as refineries in the region are shuttered. Imports from the Middle East and Asia will increase to about 1.9 million metric tons this month, according to the median estimate in a Bloomberg News survey of two traders and three brokers.
A decades-old jet fuel spill threatening Albuquerque’s water supply could be as large as 24 million gallons, or twice the size of the oil spill from the Exxon Valdez, New Mexico environment officials acknowledged Tuesday. Officials previously estimated the spill from Kirtland Air Force Base to be about 8 million gallons. But state geologist William Moats, who made the original calculations, recently estimated the spill could be up to three times larger.
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