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Asia Jet Fuel/Kerosene to Strengthen on Travel & Heating Demand: FGE

JET FUEL

The jet fuel/kerosene complex is expected to strengthen due to an increase in international air travel demand from China during the Golden Week holidays and with increased Northeast Asia heating consumption according to FGE.

  • Preliminary data suggests international flights will surpass 55% of 2019 levels during the holidays. Long haul jet fuel demand is expected to be boosted by a projected rise in round-trip flights between China and the US after mid-Oct.
  • Northeast Asia is also expecting a surge in winter heating kerosene demand.
  • Jet/kerosene consumption in Asia is forecast to increase by 110kb/d m/m in Oct to 2.6mb/d and rise by another 100kb/d in Nov.

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