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Jury out on jet fuel

The FALL in jet fuel demand, because of the slump in the air travel market in the wake of the 11 September terrorist attacks in the US, may not be as severe as originally thought, according to a report from the International Energy Agency (IEA)*. The prolonged closure of US airspace immediately after the incident, indications that airlines are carrying fewer passengers and the financial difficulties at many carriers (especially in Europe's overcrowded marketplace) had led to forecasts of a drop in jet fuel demand of up to 25%. However, the IEA says available delivery data received so far suggests the decline in demand since the attacks has fallen far short of expectations. For October, preli

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