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Jet Fuel Demand to Continue Rising: BNEF

JET FUEL
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Global implied jet fuel demand in the week commencing May 28 is set to rise marginally, maintaining the uptick seen the week prior, according to BNEF.

  • Implied jet fuel demand is set to rise by 0.5% on the week to 6.56m b/d.
  • The rise is driven by North America and Europe, which are set to raise jet fuel consumption by a combined 43k b/d, outpacing falls in other regions.
  • In China, the scheduled domestic flight count is set to fall by 0.4% between May 28-June 3.
  • Asia’s jet fuel demand has slipped by 0.1% on the week to 1.94m b/d, but remains 8.7% above 2023 levels.
  • The MENA region had the sharpest weekly fall, down 1.6% on the week, or 7.8k b/d to 518k b/d.

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Global implied jet fuel demand in the week commencing May 28 is set to rise marginally, maintaining the uptick seen the week prior, according to BNEF.

  • Implied jet fuel demand is set to rise by 0.5% on the week to 6.56m b/d.
  • The rise is driven by North America and Europe, which are set to raise jet fuel consumption by a combined 43k b/d, outpacing falls in other regions.
  • In China, the scheduled domestic flight count is set to fall by 0.4% between May 28-June 3.
  • Asia’s jet fuel demand has slipped by 0.1% on the week to 1.94m b/d, but remains 8.7% above 2023 levels.
  • The MENA region had the sharpest weekly fall, down 1.6% on the week, or 7.8k b/d to 518k b/d.

Keep reading...Show less