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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 for a seventh consecutive week amid a lull in travel during the Northern Hemisphere’s autumn, according to BNEF.
- Implied jet fuel demand is set to fall 0.3% on the week to 6.41m b/d, based on flight schedules for Sep. 26-Oct. 2.
- Eastern and Western Europe are leading the fall with a fall of 18.3k b/d, while demand is set to rise in Asia, Latin America and Oceania.
- US passenger numbers over September 16-22 grew 2.5% on the week. Downside risks remain amid flight cancellations, bad weather, potential operational issues at both airlines and airports, and elevated jet fuel prices.
- In China, domestic flights are set to grow by 8.2% over the next four weeks, with the Golden Week holiday in early October boosting jet fuel demand. The actual growth may be lower, as China often cuts thousands of 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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