Asian jet fuel margins recover as authorities lift cross border travel restrictions

2 min read | October 18, 2021 01:42 PM AEDT | By Arpit Verma

Asian jet fuel margins recover as authorities lift cross border travel restrictions — Image source: Rising jet fuel margins | Source: © Krisdog | Megapixl.com

Solid Recovery

Aviation fuel | Source: © Wkcode | Megapixl.com

The solid recovery in the demand for aviation fuel has overlapped with the peak heating season for kerosene that has lifted the outlook for the middle distillate fuel which has been the biggest drag on the margins of global refiners since 2020.

Jet fuel will be the last one to mark its recovery to the pre-pandemic levels as uneven vaccination rates across the globe are going to affect regional air travel demand over 2022, which will ultimately reach normal levels in 2023.

Business travels across the globe are yet to make recovery from the lows of the pandemic and until they do a solid comeback, the market will be soft.

Bottom Line

Asian refining margins have jumped to their highest levels in October since January 2020 due to a solid recovery in air travels in the region followed by ease in global COVID-19 cases.

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