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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.
OIL PRODUCTS
Average jet fuel consumption in the United States so far in 2022 has been consistently below 2019 according to the EIA, although airline passenger counts in the United States have nearly returned to 2019 levels in recent months.
- So far in 2022, jet fuel consumption has averaged 1.5 million b/d. By comparison, consumption of jet fuel in all of 2019 averaged 1.7 million b/d.
- The increasing number of passengers and yet unchanging jet fuel demand may reflect airlines’ measures to ensure that flights are full. Constraints on labor supply, as well as high fuel prices, have led air carriers to consolidate flights despite growing passenger demand.
- Even though relatively less jet fuel has been consumed in the United States this year than in 2019, supplies of jet fuel have remained tight in 2022, both globally and in the United States.
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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