Jet fuel demand spike in China a rare boost for refiners

Quick Summary:

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 petrol consumption that’s weighed on the industry.

Chinese jet-fuel demand may average 960,000 barrels a day in 2024, just 2% lower than in 2019, Sun said.

Across China, oil imports dropped to the slowest pace in almost two years last month, underscoring concerns about weaker overall demand.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: ChinaRefiners Aviation FuelConsumption AviationRecovery AviationGrowth OilMarket JetFuelDemand /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-09 @ 00:00:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21992358

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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