Downward pressure on world jet fuel prices, global tourism outlook slashed
Jet fuel prices have risen around 20% since the start of 2009, while the underlying crude price has soared 51%. The reason jet fuel prices have lagged the underlying crude price rise is that the market does appear to be reacting to the fundamentals for once: demand for jet fuel remains very weak. [368 words]
Unlock the following content in this report:
- Another downwards revision to global tourism forecast
- Jet fuel prices mixed in week rounding off June
Graphs and data:
- Daily jet fuel prices (kerosene, cents per gallon) at New York, US Gulf Coast, Los Angeles, Amsterdam, Singapore vs Crude Spot price (WTI, USD per barrel): 23-Jun-09 to 30-Jun-09
- Daily jet fuel prices (kerosene, cents per gallon) at New York, US Gulf Coast, Los Angeles, Amsterdam, Singapore: 02-Dec-08 to 30-Jun-09
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