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Posted August 7, 2020 Today in Energy

COVID-19’s impact on commercial jet fuel demand has been significant and uneven ›

Efforts to contain the 2019 novel coronavirus disease (COVID-19) have dramatically changed global commercial passenger flight volumes. These flights averaged a little more than 70,000 flights per day in January and February, fell to an average of less than 25,000 flights per day in April, and then started to increase again in May. Commercial jet fuel consumption showed a similar pattern, falling from an average of 4.3 million barrels per day (b/d) in January and February to 1.0 million b/d in April. More

global commercial passenger flights

Source: EIA, Cirium, EUROCONTROL, International Civil Aviation Organization, and aircraft manufacturers

Data Highlights

WTI crude oil futures price

8/6/2020: $41.95/barrel

up$2.03 from week earlier
down$9.14 from year earlier

Natural gas futures price

8/6/2020: $2.165/MMBtu

up$0.336 from week earlier
up$0.082 from year earlier

Weekly coal production

8/1/2020: 10.442 million tons

up0.297 million tons from week earlier
down4.104 million tons from year earlier

Natural gas inventories

7/31/2020: 3,274 Bcf

up33 Bcf from week earlier
up601 Bcf from year earlier

Crude oil inventories

7/31/2020: 518.6 million barrels

down7.4 million barrels from week earlier
up79.7 million barrels from year earlier