Jet Fuel Demand Is The Only Thing Holding Oil Back ...Middle East

Oil prices have rallied since the start of this year, pushed up by the OPEC+ cuts tightening the market and the vaccine rollouts. Analysts and industry leaders have already called the ‘balancing of demand and supply,’ but one corner of the market is still struggling to catch up and will likely struggle for another two years—jet fuel demand.   Pre-pandemic, aviation fuel accounted for around 8 percent of global oil demand—not a very large share in itself, but the collapse in air travel has severely cut into jet…

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