Jet fuel demand is slowly recovering from the slump last year, and although the rise in passenger numbers nearly everywhere is encouraging, the meaningful recovery of aviation fuel consumption will return with the return of international travel and long-haul flights, analysts say. “You see the passenger numbers are recovering, but they are flying shorter distances, so the relationship between the passenger number and the jet fuel demand is distorted,” Cuneyt Kazokoglu, head of oil demand analysis at FGE, told Reuters . Since long-distance flights consume more aviation fuel than shorter fights, the reopening of international travel and quarantine-free vacations abroad will be a big boost to jet fuel demand when this happens at some point later this year. U.S jet fuel demand is rising along with an increase in domestic air travel, the Energy Information Administration (EIA) said earlier this month. However, a full recovery to the pre-pandemic levels […]