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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.
OIL PRODUCTS
October air travel and implied jet fuel demand is expected to be at similar levels to September, according to BNEF, in line with seasonal trends and an Autumn lull.
- BNEF forecasts jet fuel demand to be 6.43m b/d in Oct, with USGC 54 jet fuel averaging a $40/b premium over WTI.
- Jet fuel demand will decline in November and December, although levels are expected to nudge up during Christmas and New Year.
- Strong jet fuel crack spreads may make the upcoming months expensive for both carriers and travellers. This results from underlying tightness in crude markets, and a structural shortage of jet fuel in some markets.
- In China, both Chinese and international carriers are continuing to add flights to the region. Jet fuel consumption from international flights will average 0.13m b/d in December, 10.9% higher than September, according to BNEF.
Source: Bloomberg
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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