Jet Fuel Exports from the Persian Gulf Remain at Lows
Jet Fuel Exports from the Persian Gulf Remain at Lows Prior to the onset of the Ukrainian crisis, Gulf countries exported around 680,000 barrels of jet fuel per day. By spring, supplies had collapsed severalfold, recovering to just 170,000 barrels by August. “Kuwait, the world’s second-largest supplier, previously provided about 300,000 barrels per day, but its exports are now only a fraction of former volumes.” Saudi Arabia, the UAE, Oman, and Bahrain have also failed to return to February levels. The global aviation industry is entering autumn with significantly tighter fuel supply, adding further pressure on prices. #JetFuel #PersianGulf The main news of Russia and the world is here.
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