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Infographic: No Fly Zone -- Jet fuel sparks oil demand collapse

Энергия | Energy Transition

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Infographic: No Fly Zone -- Jet fuel sparks oil demand collapse

Air flight cancellations continue to ramp up across Europe and the US, while India is in lockdown.

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Flights flown are now down 40% from before the coronavirus pandemic struck and Platts Analytics sees things getting worse before they get better with April and May seeing demand obliterated.

Jet fuel may be a small part of global oil demand but it has become the leading indicator of how the oil industry is responding to the crisis, with refiners, storage and prices all signaling Mayday.

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