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A new report from energy and environmental geo-analytics firm Kairos recently sent to RigZone found that China’s Covid-19 policy swings have sent domestic air into yo-yo.
“As China’s policy shifts from ‘dynamic zero-covid’ to ‘dynamic containment,’ its air travel demand and jet fuel consumption are going through their own roller coasters,” Kairos said in the report.
“Demand for jet fuel increased when it first reopened, but has fallen back somewhat amid increasing reports of infections. By the end of the year, domestic air travel was increasing again, which may confirm speculation that infection rates may already be high in some parts of the country,” Kairos added.
Included in the report is a chart showing China’s jet fuel consumption from 2019 to 2023, which shows demand rising again from 250,000 barrels a day to nearly 400,000 barrels a day before falling to 300,000 barrels a day in December. The end of the month. In the year By early 2023, China’s jet fuel consumption stood at around 350,000 barrels per day, according to the chart.
In a separate report sent to RigZone last month, China suddenly announced a zero-flex Covid policy summary. Breathing new life into the ailing aviation sector.
China’s weekly confirmed cases of Covid-19 It rose 45.33 percent in the week from December 19, 2022 to December 26, 2022, according to the World Health Organization (WHO). During the same period, weekly Covid deaths in the country rose by 48.28 percent, according to WHO data.
Total cases in China reached 218,019 in the week to Dec. 26, and the total number of deaths in the same week reached 648, according to WHO figures. These numbers are still below the WHO weekly peak figures of cases and deaths in the county for the week of May 23, 2022, (576,367) and March 7, 2022, (1,955).
Email the author andreas.exarcheas@rigzone.com
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