How is energy demand faring across different sectors and regions amid the evolving coronavirus pandemic? In this week’s Commodity Tracker, S&P Global Platts editors look at global aviation, Chinese fuels consumption, Brazilian power demand and European refining, as well as US LNG output.
1. Lift in air travel helps jet fuel but demand still far from normal
What’s happening? Global aviation continues to recover and global kerosene/jet fuel demand is tracking the pattern closely. Even so, global flights are still running only 61% of pre-pandemic norms, with international travel lagging the recovery in domestic travel. China’s domestic air travel has largely normalized back to pre-pandemic norms. Recovery of flights in developing countries, such as Brazil and India, has lagged the recovery