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
Global implied jet fuel demand in the week commencing Aug. 20 is seen down 0.32% on the week to 7.133m b/d, according to BNEF.
- This is the lowest weekly level of jet fuel consumption since the week starting July 9, as the summer travel peaks draws to a close and air travel follows its seasonal trend of declining into winter.
- Only Eastern Europe and the MENA regions are showing a rise on the week, up 0.45% and 0.47% respectively to 0.475m b/d and 0.576m b/d.
- In the USA, jet fuel demand is down 0.91% this week to 1.483m b/d.
- The US airport with the largest drop in jet fuel demand is Atlanta’s Hartsfield Jackson airport, down 1,129 b/d, or 1.6%.
- Chicago’s O’Hare has seen the largest gain on the week, up 970 b/d. This may be supported by the ongoing Democratic National Convention in the city.
- Demand in China is seen falling 0.2% this week to 0.931m b/d. An even larger fall of 0.85% is expected next week, taking demand down to 0.924m b/d.
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