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 higher fuel usage worldwide.
The increase reflects a recovery and expansion in global aviation activities, with cargo flights playing a key role alongside passenger travel in boosting demand for jet fuel.
**Why this matters**
Understanding the factors behind rising jet fuel demand is important for energy markets and environmental planning. The growth in air traffic influences fuel supply chains, pricing, and efforts to reduce carbon emissions in the aviation industry.
Source: NewsData