IMG.gif

European Snapshot: Summer Traffic Surge Lifts Jet Demand

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Summer travelers flocked to the skies above Europe and lifted the region's jet fuel demand to a post-pandemic peak of 5.8 million tons in August. Consumption climbed 3% above July levels and was nearly 50% higher than year-earlier rates. European plants ramped up jet fuel supplies at volumes that were 50% higher than in 2021 to meet the surge in demand. Refineries shifted yields back toward jet fuel, since crude throughput was just 2% higher than year-earlier levels. Cargo imports reached record levels of 3.3 million tons to fill the gaping shortfall between Europe's supply and demand.

Topics:
Jet Fuel, Oil Demand
Wanda Ad #2 (article footer)
#
United Airlines has invested in Oregon-based SAF producer Next in a bid to speed up commercialization of the nascent sector.
Wed, Nov 23, 2022
Global upstream activity looks at long last to be making a comeback from Covid-19 lows just as global oil prices begin to wobble.
Fri, Nov 25, 2022
Diesel profits remain sky-high in Europe but unusual diesel exports to the US show an uneven market in distress.
Mon, Nov 21, 2022