Weak jet demand will continue to limit refinery runs
Refiners squeezed between gasoline and jet
Rebounding gasoline demand is outpacing that of the rest of the barrel—particularly jet—and causing headaches for refiners
The return to normality in the US has led to a spike in sales for fuels such as gasoline and diesel. But the US is an outlier, and this uneven pattern is distorting the global oil products demand recovery trend. US gasoline demand is recovering faster and touching earlier-than-normal peaks this summer, over and above the traditional seasonal uptick in sales. Fear of contracting Covid-19 makes families choose personal travel options wherever possible, both for work and leisure. US gasoline prices have reached levels unseen in over five years. And the market could strengthen further with the onset of the hurricane season, which can lead to supply disruptions. Further gains in pump prices of g
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
