Asia jet fuel set for bumpy ride despite recovery

On the move: Travellers in the departure hall of Hong Kong International Airport. The aviation hub took a beating through the pandemic, but the situation is expected to improve as China bids to restore the country’s average daily passenger volumes. — Bloomberg

SINGAPORE: The resumption of flights in China, Asia’s top jet fuel consumer, should provide a tailwind for a recovery in demand for aviation fuel across the region in 2023, although the journey could be a bumpy one.

Among oil products, jet fuel is expected to be the last to return to pre-Covid demand levels in Asia as countries have various rules on reopening borders and quarantine measures that may deter travellers.