Jet Fuel Demand Soars, but Some Clouds on Horizon as Sustainability, Congestion and Capacity Restraints Impact Airline Sector, IHS Markit Says
IHS Markit Ltd. Common Shares (INFO)
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Source: Business Wire
While demand is strongest in Asia, global demand for jet fuels is expected to grow consistently through 2040, but risks will temper growth in some regions HOUSTON--(BUSINESS WIRE)-- A combination of low oil prices, a rapidly expanding middle class in Asia and booming freight markets driven by expanding world trade and e-commerce are fueling increased demand for jet fuel worldwide. However, that growth does have potential risks that could hamper demand, namely a greater penetration of sustainable aviation fuels (SAF) and efficiency gains, according to new research from refining market analysis by business information provider IHS Markit (Nasdaq: INFO). This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20181009005033/en/ Jet fuel demand outlook. Source: IHS Markit 2018 Global jet fuel demand will rise from around 8 percent of total refined prod
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