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The Return of Aviation Refreshes Oil and Increases Concerns About Carbon Emissions

June 11, 2024

The “International Air Transport Association (IATA) expects the number of passengers to record a record level this year with the use of record amounts of fuel and the filling of aircraft with passengers, as the sector data predicts 10.5 million flights in the third quarter of this year.

This recovery is a significant recovery for the oil sector, which suffered from a decrease in demand for aviation fuel during the Corona pandemic. The sudden “OOPEC” of oil production to lower gasoline prices is a breakthrough for US President Joe Biden.

International flights are the busiest; they are expected to increase by 9.7% this year, driven by increased travel in Asia, Europe, and North America. International flights originating from Asia will also witness a huge increase of 23%, while they will also witness a noticeable increase worldwide.

This recovery raises fears of an increase in carbon emissions, especially as tourism traffic returns to its pre-pandemic levels.