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Global Demand Trends: First Signs of Summer Liftoff

Copyright © 2021 Energy Intelligence Group

Jet fuel demand in key markets topped 2.3 million barrels per day in June as travel restrictions were eased. Consumption in a group of representative countries jumped by 70% versus year-earlier and climbed by 7% from May levels. Italy and France showed the highest gains from May after they opened up their borders to US travelers. UK demand surged after overseas travel resumed. More international flights and the strong domestic market propelled US liftings up to 1.4 million b/d. Recovery in Canada and Australia/New Zealand stalled with most long-haul services suspended.

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