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Airlines Must Ink Long-Term Deals on Greener Fuels to Boost Volumes

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(Reuters) – Airlines need to reach long-term agreements to buy bigger quantities of sustainable aviation fuel if they want to boost global volumes of the lower-emission fuel required for industry climate targets, a Bayer executive said on Tuesday. Airline members of the International Air Transport Association are sticking to a target of net zero emissions by 2050 …

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US Offers Conditional Loan Guarantees Worth About $3 bln for Two Sustainable Aviation Fuel Projects

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The U.S. Department of Energy said on Wednesday it has approved conditional loan guarantee commitments totaling nearly $3 billion for two sustainable aviation fuel projects.The agency’s Loan Programs Office said the funding of up to $1.44 billion to Calumet’s unit would support the expansion of its facility in Montana. The facility will utilize vegetable oils, …

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Slowing Global Jet Fuel Consumption Adds to Oil Demand Concern

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(Reuters) – Global jet fuel demand is poised to soften as a slowdown in consumer spending hits travel budgets, a shift that could weigh on oil prices in the months ahead. Global oil demand has struggled to meet expectations in the first half of the year due to weaker-than-forecast consumption in the United States and …

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JetBlue to Buy Sustainable Jet Fuel For Use at New York Airport

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By Reuters (Reuters) – JetBlue Airways  said on Wednesday it agreed to procure sustainable aviation fuel (SAF) from a unit of U.S. refiner Valero Energy Corp , which would be distributed by energy firm World Kinect , for use in flights from a New York’s airport. Under terms of the deal, World Fuel Services will provide the fuel …

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U.S. Jet Fuel Output Rises to Pre-COVID Levels as Demand Soars

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U.S. jet fuel output rises to pre-COVID levels as demand soars June 21, 202412:55 PM Reuters0 Comments U.S. refiners pumped out jet fuel last week at the fastest pace since the pandemic, government data showed, as they look to keep up with forecasts of record air travel this summer. U.S. refiners’ net production of jet fuel …

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Jet Fuel Demand Growth Lags as Air Traffic Exceeds Pre-Pandemic Level

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Global flight activity passed pre-pandemic levels for the first time in four years last week, but jet fuel demand growth has not kept apace as newer fleets of aircrafts become more fuel efficient and carry more passengers. Aviation fuel, a product refined from crude oil, has been the single biggest contributor to oil’s post-pandemic bonanza, …

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