China’s oil refiners are grappling with an oversupply of jet fuel, in yet another blow to the bottom line of a sector already dealing with ebbing demand for gasoline and diesel.
In the post-pandemic period, as flights returned to the skies, jet fuel was a boon for domestic refiners struggling with a sputtering economic recovery, the electrification of the car fleet and trucks turning to alternatives like liquefied natural gas. Refiners piled into aviation, using up feedstock that in the past would have gone into road-transport fuels.
Visited 1 times, 1 visit(s) today
