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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
Global Passenger jet fuel demand is set to fall 0.7% to 7.15m b/d in the week commencing Aug. 13, as the summer travel season passes, BNEF said.
- Asia and Eastern Europe are the only regions bucking the trend, up 4.9k b/d and 1.1k b/d respectively.
- Scheduled domestic flights in China will rise 0.2% for the week beginning Aug. 20, slightly below the 0.3% increase this week.
- International flights from Chinese carriers are poised to fall 0.4% to 4,440 in the week from Aug. 13 and stay at that level in the week to Aug. 20.
- Global jet fuel demand from domestic flights is seen at 2.71m b/d, down 1.1% on the week.
- Meanwhile, global jet fuel demand from international fights is seen down 0.5% on the week to 4.44m b/d.
- The largest overall percentage fall in demand is in North America, down 2.3% on the week to 1.77m 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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