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Global Implied Jet Fuel Demand up 1.8% on the Week: BNEF

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.

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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.

Keep reading...Show less