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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.
OIL PRODUCTS
Global demand for jet fuel is set for a third weekly decline, driven by the transition to the post summer season lull, according to BNEF.
- Implied jet fuel demand is set for a 0.4% to 6.65m mt in the week to Sept. 4, based on passenger flight schedules for the corresponding week.
- The key drivers of the fall in jet fuel are the North American and Asian markets, falling by 0.5% and 0.7% respectively.
- Flight numbers for the Eurocontrol zone are expected to continue declining by a small margin for the remainder of August and into September, matching seasonal norms. However, departures in the Eurocontrol area from Aug.21-27 increased by 1.1% week-on-week.
- Global Airline Capacity is set to decline by 1.3m seats to 114.5m in the week commencing Aug. 28, according to OAG.
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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