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
2 December 2024
Crucial role of gas means country is laying the foundations to control physical and trading supply chains
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
Although Iraq remains a major crude exporter, it is still some way from becoming a regional energy supply hub. Ambitious new cross-border schemes aim to rectify that situation
29 November 2024
There are opportunities for attractive returns and greater project success amid a real push by the Iraqi government for reform, as long as there is a shared understanding between the needs of investors and the host government
