Demand for kerosene will remain low until summer – experts
The demand for kerosene in the short term will be low,
according to analysts at BloombergNEF. According to their forecast, it is not worth waiting for its
increase until June. They justify their point of view by the low
number of air travel at the moment, which is associated with
restrictive measures amid the pandemic.
The demand for kerosene can be judged by the number of planned
airports in different countries over the next three months,
explain the analysts. It should be noted that in the United States and
The number of flights at airports in the United States and China has increased considerably, particularly the share of long-haul flights required for the next three months, analysts say.
of long-haul flights requiring more fuel has increased. Nevertheless
Nevertheless, their total number remains low, due to which until June
demand will be about 3.2 million b/d, summarize the experts.
Significant events this week are the announcement of the interest
European Central Bank interest rate - it is expected that it will
The significant events of the week are the announcement of the interest rate by the European Central Bank - it is expected to be kept at the same level - a meeting with the press by the head of the ECB Christine
Lagarde, the heads of state summit on climate, and the release of
the publication of statistics on the U.S. economy.