Pacific Snapshot: Market Recovery in Japan Nearly Complete

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Japan's jet fuel market continued to recover as the government gradually lifted air travel restrictions. The addition of more long-haul flights lifted fuel usage to 158,000 b/d in August, with bonded fuel accounting for 83,000 b/d of that volume. By November the air travel market was just 12% below pre-Covid-19 levels in 2019, according to latest data from the International Air Transport Association. Japanese refiners boosted jet output to 252,000 b/d to meet the uptick in demand.

Jet Fuel, Oil Inventories, Refining
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