Jet fuel demand in the United States is recovering faster than in many other regional markets such as Europe and Asia minus China, the U.S. Energy Information Administration (EIA) said on Tuesday. Consumption of jet fuel by U.S. commercial passenger flights was approximately 612,000 barrels per day (bpd) as of August 16, which was 43 percent of the estimated volumes of jet fuel consumed on the same date last year, the EIA has estimated using raw flight data from Cirium. From the end of April through May, U.S. jet fuel consumption by commercial flights was below 20 percent, the estimates show. The U.S. recovery has been stronger than that in many other markets because of the greater domestic air travel than in other regions. While in mid-August, jet fuel demand in the U.S. was 43 percent of the same period in 2019, consumption in Europe was just 36 percent […]