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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
Rising demand for air travel during winter is boosting refinery margins for jet fuel, according to Bloomberg.
- This leaves jet fuel as the outlier, with margins for other fuels weakening.
- China’s jet fuel demand is expected to hit 0.86m b/d in Jan, the highest since 2020, according to BNEF. Meanwhile, India’s jet fuel demand has surpassed pre-pandemic levels since November.
- This has pushed the Singapore regrade swap – an indicator of the profitability of producing jet fuel – to over 50% above the five-year average.
- Jet fuel demand across Asia but excluding China is expected to increase by 150k b/d in 2024 and reach near 2019 levels, according to FGE.
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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