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US Jet Fuel Demand Climbing on Record March Travel: BNEF

JET FUEL

US air travel hit new record in March, and with it boosted jet fuel demand, according to BNEF.

  • Airport security processed 8% more passengers in the last week of March compared with the same period in 2019, driven by spring break and the Easter holiday.
  • Jet fuel demand finished the month at its highest post-pandemic level, up 160k b/d on the week.
  • Demand is expected to continue climbing next week.

Source: Bloomberg

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