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Beijing: After years of pent-up demand for leisure and business travel due to the ravages of Covid-19, millions of Chinese are taking to the skies again as the nation leads an aviation boom across Asia.
Jet fuel price jumped about 30% this month compared to July, trading above $116 a barrel
'We will see Asia and the Middle East increasingly becoming the fuel suppliers of the world,' said Mukesh Sahdev.
The war in Ukraine is strengthening the role of Asia and the Middle East as the world's main providers of fuels like diesel and gasoline that are crucial to the global economy.