Asharami Synergy a vertically integrated and foremost downstream company in the West African region said its investment decision is spurred by Jet fuel demand which is on its own trajectory, with aviation’s post-pandemic recovery gaining pace just as economic fears drive the rest of the oil complex lower.
“Soaring fuel prices and slowing economic growth are expected to significantly curb the demand recovery through the remainder of the year and into 2023,” the International Energy Agency said Thursday in its monthly Oil Market Report.
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