Economic Uncertainty Dampens Jet Fuel Demand Outlook

Back in June, the global oil market appeared poised for a resurgence, buoyed by a promising uptick in jet fuel demand. The International Air Transport Association (IATA) projected that passenger numbers would hit a record high this year, sparking hopes of a robust recovery for the beleaguered aviation sector. At the time, Oilprice.com highlighted the potential for increased jet fuel demand to bolster oil prices, painting a rosy picture for stakeholders in the oil and gas industry. Additionally, a June 21st analysis from JPMorgan confirmed that…