(Bloomberg) -- Jet fuel demand in China is on the mend as flights return to the skies, offering some support to domestic refiners grappling with muted diesel...
-- Jet fuel demand in China is on the mend as flights return to the skies, offering some support to domestic refiners grappling with muted diesel and gasoline consumption that’s weighed on the industry.NYC Subway Riders See ‘Exceptionally High’ Air Pollution
Across the global oil market, the aviation sector remains one of the more resilient in terms of consumption as alternative fuels have been slow to displace the use of petroleum to power aeroplanes. In China as pandemic curbs were loosened, domestic travel returned at a faster clip than overseas services, but more international capacity set to be added.
On a global level, there’s more scope for a jet fuel recovery, according to Goldman Sachs Group Inc. Although worldwide passenger numbers have about caught up with 2019 levels, they are still firmly below pre-pandemic growth trends, and consumption is still 1.2 million barrels a day — or 15% — below pre-pandemic levels, it said in a recent note.
Furniture For Life Provides Valuable Insights on Stress, Relaxation Techniques and Maximizing Massage Chair Use
China Gasoline Consumption Jet Fuel
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JetBlue to buy sustainable jet fuel for use at New York airportUnder terms of the deal, World Fuel Services will provide the fuel supply to John F. Kennedy International Airport from the fourth quarter of 2024. Airlines...
Read more »
Lockheed Martin lifts 2024 sales target on fighter jet, missile demandThe U.S. resumed taking F-35 deliveries after a months-long pause due to delays on its software upgrade
Read more »
Fuel retailer Parkland Corp. lowers 2024 earnings forecast as consumer demand fallsAn activist investor wants Parkland Corp. to explore strategic alternatives for what it says are the company's non-core assets with the goal of becoming a more focused fuel and convenience store retailer. A boat travels past the Parkland Burnaby Refinery on Burrard Inlet at sunset in Burnaby, B.C., on Saturday, April 17, 2021.
Read more »
Fuel retailer Parkland Corp. lowers 2024 earnings forecast as consumer demand fallsCEO Marcel Teunissen tells analysts that the overall economic environment has negatively impacted the company’s sales
Read more »
Calgary-based fuel retailer Parkland Corp. lowers 2024 earnings forecast as consumer demand fallsThe company revised its guidance for adjusted earnings before interest, taxes, depreciation and amortization for the year to $1.9 billion, down from $2 billion.
Read more »
Fuel retailer Parkland Corp. lowers 2024 earnings forecast as consumer demand fallsCALGARY — Fuel retailer and convenience store operator Parkland Corp. lowered its earnings forecast for the year Thursday due to what it said are' ongoing weaknesses' in consumer demand that could continue through the end of 2024.
Read more »