South Korea’s ailing aviation sector and a slowdown in new construction activity will likely continue to weigh on domestic jet fuel and diesel consumption for the rest of the year, putting pressure on the country’s top refiner SK Innovation to cut run rates further in the fourth quarter. South Korea’s Incheon international airport is one of the largest and busiest airports in Asia, but a more than 84% drop in passenger traffic over the first nine months of the year saw the country’s jet fuel demand in January-September plummet 43% at 16.31 million barrels, according to latest data from state-run […]