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JET FUEL: Jet Fuel Demand to Drop for Fourth Week: BNEF

JET FUEL
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Global passenger jet fuel demand is set to drop for the fourth week in a row, to 6.96m b/d, BNEF said.

  • This represents a 1.3% week-on-week decline in implied demand.
  • Asia and North America are poised to lead the decline, cutting 48.5k b/d and 28.5k b/d of demand respectively.
  • China’s scheduled domestic flights are set to fall 5% for the week from Sep. 3. The international flights of key Chinese airlines down 0.7% their annual growth and recovery from Covid-19 levels slows.
  • Oceana is the only region on track to buck the bearish trend with a marginal uptick of 0.1% on the week.
Source: Bloomberg

 

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Global passenger jet fuel demand is set to drop for the fourth week in a row, to 6.96m b/d, BNEF said.

  • This represents a 1.3% week-on-week decline in implied demand.
  • Asia and North America are poised to lead the decline, cutting 48.5k b/d and 28.5k b/d of demand respectively.
  • China’s scheduled domestic flights are set to fall 5% for the week from Sep. 3. The international flights of key Chinese airlines down 0.7% their annual growth and recovery from Covid-19 levels slows.
  • Oceana is the only region on track to buck the bearish trend with a marginal uptick of 0.1% on the week.
Source: Bloomberg