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
Flight schedules for Aug. 15 -21 imply a reduction in global jet fuel demand by 0.2% on the week to 6.71m b/d, according to BNEF.
- Jet fuel demand from domestic and international flights is set for a fall of 0.1% and 0.2%, respectively.
- Jet fuel demand in all regions is set to rise compared to the same period in 2022, but only Asia and the MENA region will see a week-on-week boost.
- In China, the number of domestic flights is set to rise by 0.5% in the next four weeks based on current schedules. However, last minute cancellations are frequent, so such growth is not guaranteed.
- Asian jet fuel demand is expected to rise by 100k b/d from September to Q4, according to FGE, owing to China’s ending of restrictions on group tours to 78 states. This comprised around 60% of Chinese pre-pandemic tourist spending.
- As of Aug. 11, US Gulf Coast 54, Rotterdam, and Singapore jet kerosene prices continued trending upwards, gaining by $4.66/b, $4.21/b and $3.76/b on the week respectively. However, Jet fuel prices are still lower than the same week a year ago.
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