Global Demand Snapshot: Taking a Gradual Path to Recovery

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Global jet fuel consumption adhered to its gradual trajectory in ramping up for the summer travel season. Demand in group of representative countries in May edged up by 4% from the prior month to 3 million b/d. Industrialized nations accounted for most of the volume gain, which pushed fuel usage nearly 40% above year-ago volumes. Growth rates versus 2021 in the UK, Italy and Canada outpaced the recovery in other countries.

Jet Fuel, Oil Demand
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