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JET FUEL: Global Jet Fuel Demand Set for Seventh Straight Weekly Decline: BNEF

JET FUEL
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Global passenger jet fuel demand is set to drop for the seventh straight week, according to BNEF.

  • Implied demand is seen falling 0.3% on the week to 6.78m b/d in the week to Sep.30.
  • Europe is set to drive the weekly decline, with Eastern and Western Europe down by a combined 20k b/d.
  • Asia, Oceania, and Sub-Saharan Africa are set for weekly demand gains.
  • Scheduled domestic flights in China are set to grow 8% on the week for the period commencing Oct. 1. International flights from the China’s key airlines are also set to rise 3% on the week.

 

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Global passenger jet fuel demand is set to drop for the seventh straight week, according to BNEF.

  • Implied demand is seen falling 0.3% on the week to 6.78m b/d in the week to Sep.30.
  • Europe is set to drive the weekly decline, with Eastern and Western Europe down by a combined 20k b/d.
  • Asia, Oceania, and Sub-Saharan Africa are set for weekly demand gains.
  • Scheduled domestic flights in China are set to grow 8% on the week for the period commencing Oct. 1. International flights from the China’s key airlines are also set to rise 3% on the week.

 

Keep reading...Show less