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JET FUEL: US Jet Fuel Demand Hits 24-Year Seasonal High

JET FUEL
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Implied jet fuel demand in the US soared to its highest level in 24 years, after recording a second straight weekly gain of around 50k b/d, BNEF said.

  • This is a dramatic divergence from typical seasonal trends, helping to usher in the largest drawdown in jet fuel stockpiles seen this year.
  • The surge comes as a surprise, since the number of US airport travellers has recently fallen back to 2023 levels for the first time this year, BNEF said.

 

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Implied jet fuel demand in the US soared to its highest level in 24 years, after recording a second straight weekly gain of around 50k b/d, BNEF said.

  • This is a dramatic divergence from typical seasonal trends, helping to usher in the largest drawdown in jet fuel stockpiles seen this year.
  • The surge comes as a surprise, since the number of US airport travellers has recently fallen back to 2023 levels for the first time this year, BNEF said.

 

Keep reading...Show less