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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
Passenger jet fuel demand in the seven days to Nov. 13 is set to fall by 3.8% on the week to 6.1m b/d, reversing last week’s moderate rise, according to BNEF.
- The reduction is driven by falls in Western Europe and Asia, which will each see a decline of 11.1% and 2.6% respectively.
- Jet fuel demand from domestic flights will fall by 2% on the week, while the reduction in international flight jet fuel demand is a sharper 5%.
- In China, domestic flights are set to rise by 4.7% in the next four weeks, according to provisional schedules. However, these are subject to late cancellations.
- China scrapped its health declaration requirements for all passengers on Nov. 1, which is expected to help aid the recovery in North Asia’s international travel demand.
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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