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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.
JET FUEL
Jet fuel consumption and oil demand is expected to see a boost from a record number of passengers travelling on US airlines this summer according to industry group Airlines for America.
- US airlines passenger numbers are expected to be around 1% above 2019 levels at 257m passengers from June to August this year.
- Jet fuel demand is expected to lag the increase in air travel partly due to deployment of 9.6% more seats by using 5.1% larger aircraft compared to last year. Larger planes carrying more passengers are generally more efficient than smaller aircraft.
- US jet fuel demand so far this year is 3% higher than in 2022 but still 10% lower than in 2019 according to US Energy Information Administration data.
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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