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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
Global jet fuel demand in the week commencing July 2 is set to rise by 1.8% to 7.1m b/d, according to BNEF as summer travel season keeps ramping up.
- Upcoming flights schedules show growth in implied jet fuel demand across all regions, although Latam leads the growth in percentage terms with 9% growth.
- In China, scheduled domestic flight count is set to increase by 3% both on the week and year-on-year across July 2-8. International flights will be up 4% on the week.
- US passenger throughput rose for the fourth consecutive week, up 3% week-on-week. BNEF expects passenger throughput to keep growing throughout July.
- Demand in Asia is up 2.4% on the week to 2.072m b/d. This is up 9.9% year-on-year.
- Domestic flight demand is up 2.1% on the week to 2.685m b/d, while international demand is up 1.6% to 4.393m b/d.
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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