Average jet fuel prices fell across all regions in line with lower oil prices and generally lower jet fuel demand.
Speculators have also been blamed for the sell-off even as the Middle East conflict threatened to widen and disrupt oil supply. Oil prices maintained a downward trend over the past two weeks, attributed to negative sentiments around the global economy and a view that OPEC+ supply cuts would need to go deeper to balance demand weakness.The global average jet fuel price last week fell by 3,2% compared to the week before to $114.74/bbl.