Oil Demand Set To Surge As Travel Picks Up While there is a significant supply of diesel in Europe, ready to meet the increased demand over the coming months, jet fuel may not be needed for other uses by the summer as air tourism is expected to increase substantially in line with Covid-19 vaccines and the easing of travel restrictions.
This shift is being driven mainly by the U.S., which saw 1.85 million passengers pass through airports last Sunday. This is the highest number since the beginning of the pandemic restrictions in March 2020.
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