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Jet Fuel Demand Ticks Up as Summer Demand Peaks: BNEF

JET FUEL

Global jet fuel demand is set for a marginal 0.2% uptick week-on-week as the summer travel peak approaches, BNEF said.

  • This would bring daily global demand to around 7.18m b/d, up 16k b/d on the week.
  • All regions apart from Oceania and Sub-Saharan Africa are poised to see an increase on the week.
  • However, Asia is driving most of the weekly rise, up 13k b/d to 2.14m b/d.
  • In China’s domestic market, scheduled flight numbers are set for a 0.7% weekly uptick for the week starting July 30.

Source: Bloomberg

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