North American Snapshot: Ending the Year on Strong Footing

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North American jet fuel demand ended the year on a high note with an uptick to 1.7 million b/d in December. More trans-Atlantic flights out of East Coast airports lifted US demand up to 1.525 million b/d. The opening of US borders helped boost fuel needs of major US carriers above 1 million b/d. Relaxed travel restrictions also spurred a 30% rise in Canadian jet usage to 112,000 b/d in December. Fourth-quarter regional demand exceeded year-earlier rates for the period by 40%.

Oil Demand, Jet Fuel
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