Free Trial
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.
JET FUEL
Global implied jet fuel demand in the week to Feb. 26 is set to rise by 2.7% on the week to 6.26m b/d according to BNEF.
- Rising demand from Asia, North America and Western Europe are set to drive 80% of this week’s growth.
- All regions are set for a week-on-week rise in jet fuel consumption excluding Sub-Saharan Africa.
- In China, the number of domestic flights is set to rise by 2% over the next four weeks, although the schedules are subject to last-minute changes.
- Jet fuel prices have dropped globally on the week but are hovering at similar levels to the same period in 2023.
- USGC 54 Colonial Pasadena was $2.72/gal Feb. 16, down 18 cents/gal on the week.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok