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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
Jet fuel demand increasing as global airline activity picking up despite limited flights to/from China due to covid
- Worldwide flights have risen 8% over the last month to more than 95k according to the 7-day average day from FlightRadar24. Much of the increase comes from a steady increase in Europe where the 7-day average flight numbers are now just 14.5% below 2019 levels compared to 21.1% below last month according to EuroControl data.
- The European Jet crack has pulled back after reaching a peak of 56.95$/bbl at the start of May. The crack is currently trading at 41.96$/bbl compared to approximately 12.5$/bbl at the start of the year. The increasing demand and reduced supply due to Russia have pushed European Jet Kerosene stock levels down 18.4% since mid-April and are now in the middle of the 5-year range.
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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