Global jet fuel consumption reached 7.8 million barrels per day last year, driven by unprecedented levels of passenger and cargo air traffic. Both sectors experienced significant growth, contributing to the increased fuel demand worldwide.
The surge in air travel and freight transport highlights the ongoing recovery and expansion of the aviation industry following previous declines. This growth has directly influenced the consumption patterns of jet fuel across various regions.
**Why this matters**
The rise in jet fuel demand reflects broader trends in global mobility and trade, impacting energy markets and supply chains. Understanding these changes is essential for planning fuel production, distribution, and addressing environmental considerations related to increased aviation activity.
Source: NewsData