Insight
Turbulence ahead: Impact of jet demand on refining margins
Report summary
As the aviation industry faces a widespread shutdown over the coronavirus outbreak, passenger airlines have cut down flight schedules significantly, leading to a coordinated drop of jet demand across the world. Using Wood Mackenzie’s proprietary Refinery Supply Model, we analyse the impact of a global jet demand drop of 20% from 2019 levels to understand the effect on both margins and utilization rates across the global refining system.
Table of contents
- Impact of jet demand weakness
- Impact of jet demand recovery
- Conclusion:
Tables and charts
This report includes 3 images and tables including:
- Margin and utilization prior to jet demand decrease
- Refinery utilization and margin impacts from decreased jet demand vs 2019
- Refinery utilization and margin impacts from increased jet demand vs 2019
What's included
This report contains:
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