Jet Fuel Demand Still Has A Long Way To Recovery

Jet fuel demand for commercial flights crashed during the worldwide lockdowns in April, and although some of the demand has returned, jet fuel consumption in July was still nearly 70 percent down compared to the same month of 2019, the U.S. Energy Information Administration (EIA) said on Friday. Aviation fuel is the worst-hit fuel in the COVID-19 crisis and faces the most prolonged period of recovery compared to other fuels such as gasoline or diesel. A very slow recovery in jet fuel demand will drag on global oil demand for at least another two…