Pacific Snapshot: Long-Haul Flights Boost Japan's Jet Usage

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Japan’s jet fuel demand reached a post-pandemic high of 175,000 b/d in December as more long-haul flights increased usage of bonded supplies. To supply those services, bonded fuel imports climbed to 115,000 b/d — doubling the rates seen over the summer months. Refinery utilization rates reached 88% of capacity but oil firms concentrated on gasoil output, which pushed jet fuel production down to 139,000 b/d. Exports dwindled to just 12,000 b/d.

Oil Demand, Oil Inventories, Jet Fuel
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