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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
US Jet Fuel inventories have climbed not only to their highest level since 2010, but also the highest on record from a seasonal basis
- This week’s stock build was also the largest in two months, up 1.229m bbl.
- PADD 5 showed the highest build, up 0.926m bbl, while PADD 3 was up 13k bbl.
- Only PADD 1 and PADD 4 saw declines, down 0.129k bbl and 8k bbl respectively.
- Jet production was up 0.8% on the week to 1.842m b/d, while the four-week average was 1.867m b/d, up 4.6% year-on-year.
- PADD 3 saw a weekly decline in production, down 1.7%.
- Both exports and imports of jet fuel across the US were down on the week, down by 94k b/d (-28.2%) to 239k b/d and down by 82k b/d (-54.3%) to 69k b/d respectively.
- Jet fuel demand was also falling, both on the week and the four-week average. Jet fuel demand was 1.497m b/d last week, down 15.1%, while the four-week average was 1.689m b/d, down 2.3% on the year.
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.
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