Demand for jet fuel is 30% below pre-covid level

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Recovery must be “uneven”, with countries still balancing between reopening the economy and managing the spread of covid.

The International Energy Forum (IEF) says the global demand for aviation fuel was in early June 30% below pre-pandemic levels. The information is contained in a new study published by the entity, headquartered in Riyadh and which brings together 71 countries, including producers and consumers in the energy sector.

The IEF says it relied on statistics from a variety of sources to reach its conclusions. The organisation’s general secretary, Joseph McMonigle, says in a forum statement that jet fuel represents the majority of oil demand, still below pre-covid-19 levels.

According to him, the recovery of this component must be “uneven”, with countries still balancing between reopening the economy and managing the spread of the virus.

The study shows that international air travel was at the end of April at about 20% of the pre-pandemic level. There is, however, a strong rebound in domestic travel, which was 74% of 2019 levels. Air cargo travel was already 12% above pre-crisis levels, the study also shows.

The IEF underscores the importance of a return to international travel to support the demand for oil, but comments that uncoordinated vaccination programs and the risk of new, more transmissible variants of covid-19 are a brake on this reaction.

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palheta smll Demand for jet fuel is 30% below pre-covid level

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