Global Snapshot: Reopened Borders Lift Jet Consumption

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The reopening of Australia, Japan and Canada to international flights lifted global jet fuel demand in a group of representative countries. Australia saw the biggest 100% increase in the fourth quarter versus year earlier, which brought its demand up to 100,000 b/d by December. Canadian fuel usage climbed by 27% to reach 155,00 b/d by the end of the year. In Japan a 9% gain in the fourth quarter lifted consumption to 207,000 b/d.

Jet Fuel, Oil Demand
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