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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 expected to slide on the week, maintaining an eight-week consecutive decline, according to BNEF.
- Jet fuel demand will fall by 0.3% to 6.29m b/d in the week to Oct. 30.
- Driving the fall during the week is a softening in demand from Western Europe and Asia, taking 12.5k b/d out of consumption.
- Broken down by flight type, Jet fuel demand from domestic and international flights is set for an on the week 0.03% rise and a 0.5% fall respectively.
- In China, domestic flights are schedules to rise by 39.3% over the next four weeks, according to current schedules. However, China often removes scheduled flights at short notice.
- Jet fuel prices, as assessed on Oct. 19, were relatively unchanged compared to Oct. 16, Bloomberg said.
- US Gulf Coast 54 rose by 97 cents/b, Rotterdam down 50 cents/b and Singapore jet kerosene down $3.68/b.
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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