Goldman Sachs expects world jet fuel and other kerosene demand to keep growing through 2040 with 3.2mln BPD (45%) of growth to 10.3mln BPD by 2040
- Forecasts solid average annual jet demand growth of 0.2mln BPD over next five years, gradually slowing down to 0.1mln BPD in late 2030s.
- Its constructive jet fuel demand outlook is supported by steep air passengers growth and challenges for takeoff of green alternatives.
- Potential technological breakthroughs, stricter climate policies skew risks to constructive long-run jet fuel demand forecast to downside.
15 Oct 2024 - 19:27- - Source: Newswires
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