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JET FUEL: Global Jet Fuel Demand Set for Sixth Week of Decline: BNEF

JET FUEL
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Global implied passenger demand is set for a sixth consecutive weekly decline, according to BNEF.

  • Weekly implied jet fuel demand is seen down 0.4% in the week commencing Sep. 17 to 6.8m b/d.
  • Western Europe is leading the decline, down 13.4k b/d to 1.409m b/d.
  • Only North America and Oceania are set to buck the bearish trend, rising by a collective 6k b/d.
  • China’s scheduled domestic flights are set to rise 4% for the week starting Sep. 24 after falling 1.5% the previous week.
  • International flights from China are seen rising 3% on the week after declining throughout August.

 

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Global implied passenger demand is set for a sixth consecutive weekly decline, according to BNEF.

  • Weekly implied jet fuel demand is seen down 0.4% in the week commencing Sep. 17 to 6.8m b/d.
  • Western Europe is leading the decline, down 13.4k b/d to 1.409m b/d.
  • Only North America and Oceania are set to buck the bearish trend, rising by a collective 6k b/d.
  • China’s scheduled domestic flights are set to rise 4% for the week starting Sep. 24 after falling 1.5% the previous week.
  • International flights from China are seen rising 3% on the week after declining throughout August.

 

Keep reading...Show less