EIA看空美国航空燃油需求

The US has cut jet fuel demand expectations for this year and next in its latest outlook for fuel consumption.

Anticipated
gasoline and diesel consumption remained little changed compared to
last month forecast in the Energy Information Administration's Short-Term Energy Outlook,
published today. But the jet fuel consumption outlook for 2021 fell
from the previous outlook by 3.5pc to 1.36mn b/d, and by 4.3pc to 1.65mn
b/d in 2022.

The forecast still suggests recovering jet fuel
demand, but at a slower pace than thought last month. US refiners have
looked for a pickup in jet fuel consumption to support higher crude
processing rates as gasoline and diesel demand climb.

Domestic
leisure travel was "more than 100pc right now," American Airlines chief
executive Scott Kirby said today in remarks to the Council on Foreign
Relations.

But business and international travel continues to
lag. Business travel may not begin recovering before fall, and
international travel would take still longer to resume as regulators
manage the continued response to the Covid-19 pandemic, he said.

"That's really more of a political question of when the borders reopen," Kirby said.

US
gasoline demand in 2021 would average 8.64mn b/d, little changed from
the 8.6mn b/d in March. An 8.89mn b/d outlook for gasoline demand in
2022 was unchanged from March.

Diesel demand was little changed at 4.05mn b/d for 2021 and 4.17mn b/d in 2022 in today's outlook.