European refiner hopes for a driving season

摘要

Global jet fuel demand is unlikely to recover until 2022 at the earliest but will possibly take until 2024 to get back to pre-pandemic levels, in the views of trader Vitol, bank JP Morgan and European refiner Varo. But the last of these sees the possibility for an appetite in Europe to travel but not to get on a plane to create a so-called 'driving season similar to those of the US spring/summer, where driving to vacation spots is more common.