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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
JET FUEL
Passenger jet fuel demand is set to fall marginally by 0.6% to 6.4m b/d on the week to Oct. 16, according to BNEF, driven by a fall in Europe.
- Jet fuel demand from domestic flights is down 0.4% on the week by 0.4%, while demand from international flights is down by 0.8%.
- Consumption in Eastern and Western Europe will fall 4.5% and 1.7% respectively for a combined decrease of 37.5k b/d, BNEF said,
- US passenger numbers from Sep. 30-Oct. 6 grew 1.5% week-on-week.
- Domestic flights in China are set to rise by 15.3% in the next four weeks, based on current scheduling. However, this is subject to change as China often cuts flights at short notice.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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