• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 8 hours Reality catching up with EV forecasts
  • 2 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 12 days US Oil Independence is a myth and will always be a myth
  • 2 days A Somewhat Realistic View of the Near Future for Electric Vehicles Worldwide
  • 7 days The Federal Reserve and Money...Aspects which are not widely known
  • 16 days Natural gas price to spike when USA is out of the market
  • 12 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 15 days "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 15 days *****5 STARS - "The Markets are Rigged" by The Corbett Report
Sodium-Ion Batteries Just Got More Competitive

Sodium-Ion Batteries Just Got More Competitive

Researchers at Pusan National University…

U.S. Jet Fuel Demand Recovers Faster Than Expected

Jet fuel demand in the United States is recovering faster than in many other regional markets such as Europe and Asia minus China, the U.S. Energy Information Administration (EIA) said on Tuesday.  

Consumption of jet fuel by U.S. commercial passenger flights was approximately 612,000 barrels per day (bpd) as of August 16, which was 43 percent of the estimated volumes of jet fuel consumed on the same date last year, the EIA has estimated using raw flight data from Cirium. From the end of April through May, U.S. jet fuel consumption by commercial flights was below 20 percent, the estimates show.   

The U.S. recovery has been stronger than that in many other markets because of the greater domestic air travel than in other regions. While in mid-August, jet fuel demand in the U.S. was 43 percent of the same period in 2019, consumption in Europe was just 36 percent of year-ago levels, jet fuel demand in the Middle East and North Africa was 30 percent of last year’s. The rest of Africa saw jet fuel consumption at 31 percent, the rest of Asia excluding China 28 percent, and the rest of Americas saw 24 percent of year-ago levels.


China’s jet fuel consumption was 60 percent of the volumes consumed last year, the EIA has estimated.

Apart from the COVID-19 travel restrictions, the differences among the regional markets also depend on how much domestic air travel contributes to total commercial passenger flights.


“Because of the less severe restrictions on domestic travel, the shorter distances typically involved, and the larger share of domestic air travel that is non-discretionary, domestic air travel has, in most markets, been relatively less affected by COVID-19 mitigation efforts than international air travel,” the EIA said.

Aviation fuel is the worst-hit fuel in the COVID-19 crisis and faces the most prolonged period of recovery compared to other fuels such as gasoline or diesel.

A very slow recovery in jet fuel demand will drag on global oil demand for at least another two years as overall passenger traffic numbers continue to be low, and mandatory quarantines continue to prevent people from traveling on international flights.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News