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The global jet fuel market was stood around USD 230 billion in 2020 and expected to showcase single digit CAGR during the forecasted period (2021-2027).
Increase in demand for air cargo transport and rise in number of low-cost carriers (LCCs) globally are the key factors to drive the growth of jet fuel market.
On 2 March 2022, the International Energy Agency (IEA) agreed to sell 60 million barrels of oil in order to lower the price of energy (.) [Voltaire Network]